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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 $270,268, higher than the Nebraska average of $252,353.
The average cost of rent is $1,226/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 43.09% of households rent, and 38.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $6,703 per month. Households that rent pay about 18.29% of their income on rent here. Lincoln’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Saltillo, NE: higher priced homes
- Rokeby, NE: higher priced homes
- Walton, NE: higher priced homes
- Roca, NE: higher priced homes
- Prairie Home, NE: higher priced homes
- Denton, NE: higher priced homes
- Malcolm, NE: higher priced homes
- Waverly, NE: higher priced homes
- Davey, NE: higher priced homes
- Bennet, NE: higher priced homes
Cities with Similar Populations
- Worcester, MA: higher priced homes
- Tomball, TX: higher priced homes
- Surprise, AZ: higher priced homes
- Suwanee, GA: higher priced homes
- Thousand Oaks, CA: higher priced homes
- Temecula, CA: higher priced homes
- Thornton, CO: higher priced homes
- Tempe, AZ: higher priced homes
- Traverse City, MI: higher priced homes
- Topeka, KS: less expensive homes
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