Market Overview
Home Prices in Lincoln, IL
The median home value in Lincoln, IL is $139,391 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.7% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lincoln are priced66% below average. Lincoln is part of the Lincoln, IL metro area.
Over the past five years, Lincoln home values have risen by approximately25.4%, reflecting strong long-term appreciation in this market.
Price History
Lincoln Home Price Trend
City Comparison
Lincoln vs. National Median
At $139,391, homes in Lincoln cost 66% below the national median of $410,000. This makes Lincoln a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lincoln?
20% Down Payment
$27,878
on $139,391
Monthly P&I
$727/mo
30-yr @ 6.8%
Total Monthly Est.
~$923/mo
incl. taxes & insurance
Income Needed
$36,920
gross annual (30% rule)
10% Down Option
$13,939
+ PMI applies
Loan Amount (20% dn)
$111,513
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lincoln, IL?
The median home value in Lincoln is $139,391 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.7% year-over-year.
How much have home prices changed in Lincoln?
Over the past year, home values in Lincoln have increased by 7.7%. Over five years, prices have risen approximately 25.4%.
How much do I need to earn to buy a home in Lincoln?
To comfortably afford the median home price of $139,391 with a 20% down payment ($27,878) at today's rates (6.8%), you'd need a gross annual income of approximately $36,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Lincoln compare to the national average home price?
The national median home value is approximately $410,000. At $139,391, homes in Lincoln are 66% below the national average.
What metro area is Lincoln part of?
Lincoln is part of the Lincoln, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.