Lincoln, IL—62656
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincoln, IL
As of Oct '25, the median home price in Lincoln, IL is $126,000, with a year-over-year change of 6.8%. This indicates that home prices in Lincoln, IL are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | 6.8% |
| Single Family | $125,000 | 5.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lincoln, IL
As of July '25, Rentcast reports the average rent in Lincoln, IL is $690, with a year-over-year rent change of -50.7%. Per bedroom, the median rent as of July '25 in Lincoln, IL is 1-bedrooms: $690. The most common rental property sizes in Lincoln, IL are 2-bedroom and 1-bedroom, accounting for 49.3% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $690 | $690 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $690 | $690 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lincoln, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincoln, IL is 50. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $156,000 | -4.0% |
Listing Count | 68 | 17.0% |
| Listings as % of Homes | 0.6% | 17.0% |
Days on Market | 50 | 22.0% |
Demographics — Lincoln, IL
As of the latest ACS Survey released in 2023, Lincoln, IL has a population of 18,400, which has decreased by -6.0% over the past 5 years. Lincoln, IL is a moderately popular place for families, as children make up 16.6% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | -6.0% |
% Under 18 | 16.6% | -5.7% |
% Seniors | 19.5% | 14.0% |
% WFH | 6.8% | 94.3% |
% w/ College Degree | 18.3% | -9.0% |
As of the latest ACS Survey released in 2023, Lincoln, IL is a predominantly white area, with 82.9% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Lincoln, IL is black, making up 9.0% of the population. Foreign-born residents account for 1.7% of the population in Lincoln, IL, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.9% | 0.2% |
% Black | 9.0% | -4.3% |
% Hispanic | 3.3% | -15.4% |
% Asian | 0.5% | -50.0% |
% Foreign Born | 1.7% | -5.6% |
Mortgage and Risk — Lincoln, IL
According to HUD data as of 2023, there were 299 mortgage originations in Lincoln, IL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Lincoln, IL. Investor activity is low, as 7.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Lincoln, IL
Lincoln, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 403 |
Total Units Section 8 | 210 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $690 | $720 |
| 2 Bedroom | N/A | N/A | $920 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — Lincoln, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $126,000 |
| Median Household Income | $59,100 |