South Lincoln, Lincoln, NE—68502
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Lincoln, Lincoln, NE
As of Oct '25, the median home price in South Lincoln, Lincoln, NE is $229,000, with a year-over-year change of 3.7%. This indicates that home prices in South Lincoln, Lincoln, NE are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | 3.7% |
| Single Family | $230,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | 10.6% |
2 Bed | $189,000 | 5.6% |
3 Bed | $248,000 | 4.2% |
4 Bed | $294,000 | 3.2% |
| 5 Bed | $348,000 | 2.4% |
% of Housing Stock
Rental Trends — South Lincoln, Lincoln, NE
As of July '25, Rentcast reports the average rent in South Lincoln, Lincoln, NE is $1,000, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in South Lincoln, Lincoln, NE is studios: $882, 1-bedrooms: $746, 2-bedrooms: $958, 3-bedrooms: $1,450, 4-bedrooms: $1,750. The most common rental property sizes in South Lincoln, Lincoln, NE are 2-bedroom and 1-bedroom, accounting for 40.9% and 32.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $1,000 |
| Studio Rent | $625 | $882 |
| 1 Bed Rent | $750 | $746 |
| 2 Bed Rent | $900 | $958 |
| 3 Bed Rent | $1,500 | $1,450 |
| 4 Bed Rent | $1,650 | $1,750 |
% of Rental Stock
Property Listings — South Lincoln, Lincoln, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in South Lincoln, Lincoln, NE is 31. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $255,000 | -7.0% |
Listing Count | 96 | 24.0% |
| Listings as % of Homes | 0.4% | 24.0% |
Days on Market | 31 | -8.0% |
Demographics — South Lincoln, Lincoln, NE
As of the latest ACS Survey released in 2023, South Lincoln, Lincoln, NE has a population of 25,600, which has decreased by -3.0% over the past 5 years. South Lincoln, Lincoln, NE is a moderately popular place for families, as children make up 21.3% of the population. The area has a moderately educated workforce, with 39.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,600 | -3.0% |
% Under 18 | 21.3% | 4.9% |
% Seniors | 14.3% | 31.2% |
% WFH | 7.7% | 71.1% |
% w/ College Degree | 39.4% | -1.0% |
As of the latest ACS Survey released in 2023, South Lincoln, Lincoln, NE is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in South Lincoln, Lincoln, NE is hispanic, making up 13.0% of the population. Foreign-born residents account for 9.8% of the population in South Lincoln, Lincoln, NE, and this percentage has increased by 12.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.8% | -4.6% |
% Black | 5.7% | -33.7% |
% Hispanic | 13.0% | 30.0% |
% Asian | 3.3% | 10.0% |
% Foreign Born | 9.8% | 12.6% |
Mortgage and Risk — South Lincoln, Lincoln, NE
According to HUD data as of 2023, there were 459 mortgage originations in South Lincoln, Lincoln, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in South Lincoln, Lincoln, NE. Investor activity is low, as 9.0% 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 | 459 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — South Lincoln, Lincoln, NE
As of 2024, the percent of homes in South Lincoln, Lincoln, NE under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in South Lincoln, Lincoln, NE, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 379 |
Total Units Section 8 | 372 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $750 | $780 |
| 2 Bedroom | $70 | $900 | $970 |
| 3 Bedroom | -$140 | $1,500 | $1,360 |
| 4 Bedroom | -$170 | $1,650 | $1,480 |
Affordability — South Lincoln, Lincoln, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $229,000 |
| Median Household Income | $65,800 |