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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 $354,699, higher than the New Mexico average of $265,486.
The average cost of rent is $1,106/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 21.77% of households rent, and 78.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $4,223 per month. Households that rent pay about 26.19% of their income on rent here. Lincoln’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- San Patricio, NM: less expensive homes
- Fort Stanton, NM: less expensive homes
- Capitan, NM: less expensive homes
- Alto, NM: equally priced homes
- Nogal, NM: less expensive homes
- Tinnie, NM: equally priced homes
- Sierra Vista, NM: less expensive homes
- Carrizozo, NM: less expensive homes
- Oscura, NM: less expensive homes
- Mountain View, NM: less expensive homes
Cities with Similar Populations
- Isabella, PA: less expensive homes
- Iduna, WI: less expensive homes
- Ilasco, MO: less expensive homes
- Immanuel, AR: less expensive homes
- Inavale, NE: less expensive homes
- Indian Gap, TX: less expensive homes
- Indiana Beach, IN: less expensive homes
- Ingram, AL: less expensive homes
- Ink, AR: less expensive homes
- Inmanfield, AL: less expensive homes
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