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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 $283,780, lower than the Minnesota average of $345,793.
The average cost of rent is $984/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 7.32% of households rent, and 51.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $5,621 per month. Households that rent pay about 17.51% of their income on rent here. Lincoln’s most expensive areas are in the northeastern 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
- Cushing, MN: higher priced homes
- Philbrook, MN: less expensive homes
- Randall, MN: less expensive homes
- Motley, MN: less expensive homes
- Browerville, MN: less expensive homes
- Clarissa, MN: less expensive homes
- Staples, MN: less expensive homes
- Pillager, MN: equally priced homes
- Flensburg, MN: equally priced homes
- Sylvan, MN: higher priced homes
Cities with Similar Populations
- Glenn, MI: less expensive homes
- Ellington, NY: less expensive homes
- Elmira, CA: higher priced homes
- Enright, IL: less expensive homes
- Equality, AL: higher priced homes
- Eskdale, WV: less expensive homes
- Fairfield, FL: higher priced homes
- Fairfield, NE: less expensive homes
- Fairlee, MD: higher priced homes
- Garland, OK: less expensive homes
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