Near South Town, Lincoln, NE—68505
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Near South Town, Lincoln, NE
As of Oct '25, the median home price in Near South Town, Lincoln, NE is $257,000, with a year-over-year change of 2.9%. This indicates that home prices in Near South Town, Lincoln, NE are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | 2.9% |
| Single Family | $258,000 | 3.2% |
| Condos | $122,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $106,000 | 1.0% |
2 Bed | $218,000 | 3.3% |
3 Bed | $257,000 | 2.8% |
4 Bed | $318,000 | 2.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Near South Town, Lincoln, NE
As of July '25, Rentcast reports the average rent in Near South Town, Lincoln, NE is $1,370, with a year-over-year rent change of -9.3%. Per bedroom, the median rent as of July '25 in Near South Town, Lincoln, NE is studios: $1,070, 1-bedrooms: $971, 2-bedrooms: $1,500, 3-bedrooms: $1,730. The most common rental property sizes in Near South Town, Lincoln, NE are 2-bedroom and 1-bedroom, accounting for 46.4% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,370 |
| Studio Rent | $1,060 | $1,070 |
| 1 Bed Rent | $1,010 | $971 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,800 | $1,730 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Near South Town, Lincoln, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Near South Town, Lincoln, NE is 33. This is a increase of 21.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 1.0% |
Listing Count | 57 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 33 | 21.0% |
Demographics — Near South Town, Lincoln, NE
As of the latest ACS Survey released in 2023, Near South Town, Lincoln, NE has a population of 18,200, which has increased by 7.3% over the past 5 years. Near South Town, Lincoln, NE is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 33.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | 7.3% |
% Under 18 | 24.0% | 0.0% |
% Seniors | 13.2% | -14.8% |
% WFH | 8.1% | 252.2% |
% w/ College Degree | 33.3% | 0.6% |
As of the latest ACS Survey released in 2023, Near South Town, Lincoln, NE is a predominantly white area, with 81.6% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Near South Town, Lincoln, NE is hispanic, making up 6.5% of the population. Foreign-born residents account for 6.6% of the population in Near South Town, Lincoln, NE, and this percentage has increased by 61.0% 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 | 81.6% | -7.3% |
% Black | 2.8% | 86.7% |
% Hispanic | 6.5% | 97.0% |
% Asian | 4.4% | 37.5% |
% Foreign Born | 6.6% | 61.0% |
Mortgage and Risk — Near South Town, Lincoln, NE
According to HUD data as of 2023, there were 305 mortgage originations in Near South Town, Lincoln, NE, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Near South Town, Lincoln, NE. Investor activity is low, as 7.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 305 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Near South Town, Lincoln, NE
Near South Town, Lincoln, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 74 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,010 | $980 |
| 2 Bedroom | -$290 | $1,500 | $1,210 |
| 3 Bedroom | -$100 | $1,800 | $1,700 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Near South Town, Lincoln, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $257,000 |
| Median Household Income | $72,000 |