Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lincoln, Nebraska.
Median Home Price
$265K
Population
291K
Avg Monthly Rent
$1,120
Property Tax Rate
1.73% *
* Property tax shown is the Nebraska state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Lincoln.
Lincoln vs Nebraska Median
The median home price in Lincoln is $265,000, which is 8% above the Nebraska state median of $245,000.
Mortgage Calculator — Lincoln, NE
Pre-filled with Lincoln median home price and Nebraska tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Nebraska's 1.73% tax rate and $2,800/yr insurance.
5% Down
$2,353/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $382
Insurance: $233
PMI: $147
10% Down
$2,262/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $382
Insurance: $233
PMI: $139
20% Down (No PMI)
$1,955/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $382
Insurance: $233
Income needed (28% rule): $84K/year with 20% down, $97K/year with 10% down.
Rent vs Buy in Lincoln
Rent
$1,120/mo
vs
Buy (10% down)
$2,262/mo
Price-to-rent ratio: 19.7 — A ratio between 15-20 means the rent vs buy decision in Lincoln depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Lincoln is $265,000, 8% above the Nebraska state median of $245,000. With a population of 291,082, Lincoln is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Nebraska average 1.73% annually. This higher-than-average tax rate means a $265,000 home in Lincoln would carry roughly $382/month in property taxes alone — plan accordingly. Homeowners insurance in Nebraska runs approximately $2,800 per year. This is within the normal range nationally.
Average rent in Lincoln is $1,120/month. The price-to-rent ratio in Lincoln is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Lincoln presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Lincoln.