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Affordable
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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 $449,317, higher than the Rhode Island average of $438,271.
The average cost of rent is $1,210/mo in Lincoln, primarily driven by the current value of real estate in the Lincoln area. In Lincoln, 26.76% of households rent, and 39.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lincoln is $8,802 per month. Households that rent pay about 13.75% of their income on rent here. Lincoln’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Valley Falls, RI: less expensive homes
- Central Falls, RI: less expensive homes
- Stillwater, RI: equally priced homes
- Pawtucket, RI: less expensive homes
- Cumberland, RI: higher priced homes
- North Providence, RI: less expensive homes
- Smithfield, RI: equally priced homes
- Manville, RI: equally priced homes
- Cumberland Hill, RI: less expensive homes
- Providence, RI: equally priced homes
Cities with Similar Populations
- Rutland, VT: less expensive homes
- Grand Island, NY: less expensive homes
- Great Neck, NY: higher priced homes
- Greenfield, CA: higher priced homes
- Groves, TX: less expensive homes
- Guilford, CT: higher priced homes
- Hanahan, SC: less expensive homes
- Rensselaer, NY: less expensive homes
- Rio Rico, AZ: less expensive homes
- Roscoe, IL: less expensive homes
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