Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 52,534 people, 19,163 houses or apartments, and a median cost of homes of $918,301, real estate costs in Lincoln are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Lincoln, accounting for 91.98% of the city's housing units. Other types of housing that are prevalent in Lincoln include large apartment complexes or high rise apartments ( 3.55%), row houses and other attached homes ( 2.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lincoln. Owner-occupied housing accounts for 82.54% of Lincoln's homes, and 57.30% have either three or four bedrooms, which is average sized relative to America.
Lincoln homes and real estate are some of the newest in America. 75.35% of Lincoln's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lincoln real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 18.90%), and between 1940-1969 ( 4.19%). There's also some housing in Lincoln built before 1939 ( 1.56%).
In the last 10 years, Lincoln has experienced some of the highest home appreciation rates of any community in the nation. Lincoln real estate appreciated 145.43% over the last ten years, which is an average annual home appreciation rate of 9.39%, putting Lincoln in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lincoln definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Lincoln that despite a nationwide downturn in the housing market, Lincoln real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lincoln appreciation rates continue to be some of the highest in America, at 30.48%, which is higher than appreciation rates in 99.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lincoln. Lincoln appreciation rates in the latest quarter were at 27.32%, which equates to an annual appreciation rate of 162.76%.
Importantly, NeighborhoodScout’s exclusive research found that Lincoln's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Lincoln's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lincoln differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lincoln - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lincoln real estate investment or home purchase decisions.
$918,301
for California
for nation
19,163
$3,528 / per month