Lincoln, Nebraska Housing Market Prices
Lincoln Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 47% above the Nebraska median$257,929
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Median rent 1% below the Nebraska median$1,064
Housing Market Overview
| Metric | Lincoln | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,929 | $175,282 | $248,835 |
| Price Trend (Annual %) | 11.6% | 7.7% | 7.5% |
| Median Gross Rent | $1,064 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln is about 47% higher than in Nebraska. Rent is about 1% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lincoln, up about 11.6% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Lincoln rose about 47.9% between 2015 and 2024, from $720 to $1,064. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Lincoln.
Buying the median-priced home in Lincoln costs roughly 20.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lincoln. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Lincoln | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $257,929 | $175,282 | $248,835 |
| Median Household Income | $69,783 | $76,615 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln rose about 141.5%, while median household income rose about 42.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lincoln | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 61.5% | 58.5% |
| Rental Rate | 42.7% | 30.9% | 31.2% |
| Vacancy Rate | 4.6% | 7.6% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Lincoln has a homeownership rate of 52.7%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 4.6%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Lincoln | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1980 | 1974 | 1978 |
| Median Number of Rooms | 5.6 | 6.1 | 5.5 |
The typical housing unit in Lincoln was built around 1980. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lincoln, Nebraska.
What is the median home price in Lincoln, Nebraska?
The median home price in Lincoln, Nebraska is $257,929, higher than the Nebraska average of $175,282.
What is the average home price in Lincoln, Nebraska?
The typical home price in Lincoln, Nebraska, reported as the median sale price, is $257,929. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lincoln, Nebraska?
The median gross rent in Lincoln, Nebraska is $1,064 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Lincoln in 2020?
In 2020, the median gross rent in Lincoln, Nebraska was $861 per month.
What is the price-to-rent ratio in Lincoln, Nebraska?
The price-to-rent ratio in Lincoln, Nebraska is about 20.2, meaning it would take roughly 20.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lincoln.
Are home prices or rent rising faster in Lincoln, Nebraska?
Both home prices and rent are rising in Lincoln, up about 11.6% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln, Nebraska?
52.7% of households in Lincoln, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Lincoln, Nebraska?
The housing vacancy rate in Lincoln, Nebraska is 4.6%, lower than the Nebraska average of 7.6%.
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