Near North Side, Lincoln, NE—68503
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Near North Side, Lincoln, NE
As of Oct '25, the median home price in Near North Side, Lincoln, NE is $193,000, with a year-over-year change of 5.0%. This indicates that home prices in Near North Side, Lincoln, NE are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | 5.0% |
| Single Family | $193,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | 8.3% |
2 Bed | $172,000 | 6.2% |
3 Bed | $202,000 | 4.7% |
4 Bed | $213,000 | 5.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Near North Side, Lincoln, NE
As of July '25, Rentcast reports the average rent in Near North Side, Lincoln, NE is $1,160, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Near North Side, Lincoln, NE is studios: $698, 1-bedrooms: $861, 2-bedrooms: $1,080, 3-bedrooms: $1,540, 4-bedrooms: $1,820. The most common rental property sizes in Near North Side, Lincoln, NE are 2-bedroom and 1-bedroom, accounting for 36.6% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,160 |
| Studio Rent | $715 | $698 |
| 1 Bed Rent | $795 | $861 |
| 2 Bed Rent | $1,050 | $1,080 |
| 3 Bed Rent | $1,550 | $1,540 |
| 4 Bed Rent | $1,700 | $1,820 |
% of Rental Stock
Property Listings — Near North Side, Lincoln, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Near North Side, Lincoln, NE is 26. This is a decrease of -13.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | 2.0% |
Listing Count | 41 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 26 | -13.0% |
Demographics — Near North Side, Lincoln, NE
As of the latest ACS Survey released in 2023, Near North Side, Lincoln, NE has a population of 15,600, which has remained stable by 0.4% over the past 5 years. Near North Side, Lincoln, NE is a moderately popular place for families, as children make up 23.0% of the population. The area has a moderately educated workforce, with 38.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | 0.4% |
% Under 18 | 23.0% | 5.5% |
% Seniors | 8.7% | 45.0% |
% WFH | 11.8% | 490.0% |
% w/ College Degree | 38.3% | 22.0% |
As of the latest ACS Survey released in 2023, Near North Side, Lincoln, NE is a predominantly white area, with 58.6% of the population identifying as white. The white population has grown by 6.5% in the last 5 years. The second most common race or ethnicity in Near North Side, Lincoln, NE is hispanic, making up 12.5% of the population. Foreign-born residents account for 19.4% of the population in Near North Side, Lincoln, NE, and this percentage has decreased by 11.4% 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 | 58.6% | 6.5% |
% Black | 11.7% | 0.0% |
% Hispanic | 12.5% | -24.7% |
% Asian | 10.0% | -21.9% |
% Foreign Born | 19.4% | -11.4% |
Mortgage and Risk — Near North Side, Lincoln, NE
According to HUD data as of 2023, there were 183 mortgage originations in Near North Side, Lincoln, NE, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Near North Side, Lincoln, NE. Investor activity is low, as 14.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 14.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Near North Side, Lincoln, NE
As of 2024, the percent of homes in Near North Side, Lincoln, NE under the Section 8 program is 12.2%. 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. In Near North Side, Lincoln, NE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 556 |
Total Units Section 8 | 513 |
% Rentals under Section 8 | 12.2% |
% Occupied Section 8 | 79.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5 | $795 | $790 |
| 2 Bedroom | -$70 | $1,050 | $980 |
| 3 Bedroom | -$180 | $1,550 | $1,370 |
| 4 Bedroom | -$220 | $1,700 | $1,480 |
Affordability — Near North Side, Lincoln, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $193,000 |
| Median Household Income | $50,900 |