The typical owner-occupied home in Lincoln is worth about $262,100, 26% below the Delaware median of $352,000 and 21% below the national median of $332,700. Owners pay a median $920 a year in property taxes, about 0.35% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $107,690 a year, so the median home costs 2.4 times the median income (4.1 times for Delaware). 85% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Lincoln at a glance
| Lincoln | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $262,100 | $352,000 | $332,700 |
| Median property tax paid per year | $920 | $1,768 | $3,119 |
| Property tax as a share of value | 0.35% | 0.50% | 0.94% |
| Median household income | $107,690 | $84,954 | $80,734 |
| Homes lived in by their owners | 85% | 73% | 65% |
| Owner homes with a mortgage | 53% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,355 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 20.0% | 21.0% |
| Median rent | – | $1,401 | $1,413 |
| Rent as a share of renters' income | 9.0% | 29.9% | 30.6% |
| Median year homes were built | 1984 | 1987 | 1980 |
| Vacant homes | 7.2% | 13.4% | 10.1% |
| Population | 1,873 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Lincoln
At this week's average 30-year rate of 7.11%, buying the median Lincoln home of $262,100 with 20% down costs about $1,596 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,033, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $68,408 for the 20%-down payment. That payment is 18% of the median Lincoln household income of $107,690; at that income and 20% down, the 28% guideline points to a home of about $413,000.
| Down payment | $52,420 |
|---|---|
| Loan amount | $209,680 |
| Principal and interest | $1,411 |
| Property taxes (0.35% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| PMI | $0 |
| Total per month | $1,596 |
Change the numbers in the calculator
| Down payment | $9,174 |
|---|---|
| Loan amount | $257,353 |
| Principal and interest | $1,731 |
| Property taxes (0.35% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| FHA mortgage insurance | $116 |
| Total per month | $2,033 |
Change the numbers in the calculator
Questions about home buying in Lincoln
What is the median home value in Lincoln?
About $262,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lincoln?
Homeowners pay a median $920 a year, which is about 0.35% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lincoln?
For the median home with 20% down at 7.11%, the payment is about $1,596 a month. Keeping that under 28% of gross income takes about $68,408 a year.
More about Lincoln
- Mortgage Refinance in Lincoln
- Debt Relief in Lincoln
- Home Equity Loans in Lincoln
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data