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These days, finding an affordable place to live in the Lincoln area can be challenging. Home prices in Lincoln are now at a median cost of $1,363,300, higher than the Massachusetts average of $625,090.
The average cost of rent is $2,797/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 23.04% of households rent, and 43.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $17,900 per month. Households that rent pay about 15.63% of their income on rent here. Lincoln’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hanscom Afb, MA: less expensive homes
- Concord, MA: equally priced homes
- Wayland, MA: less expensive homes
- Weston, MA: higher priced homes
- Lexington, MA: equally priced homes
- Waltham, MA: less expensive homes
- West Concord, MA: less expensive homes
- Bedford, MA: less expensive homes
- Auburndale, MA: equally priced homes
- Sudbury, MA: less expensive homes
Cities with Similar Populations
- Englewood Cliffs, NJ: equally priced homes
- Eighty Four, PA: less expensive homes
- El Dorado Springs, MO: less expensive homes
- Elba, AL: less expensive homes
- Elberta, AL: less expensive homes
- Ellenville, NY: less expensive homes
- Ellerslie, GA: less expensive homes
- Ellsworth, WI: less expensive homes
- Elmendorf Afb, AK: less expensive homes
- Versailles, MO: less expensive homes
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