Legend / Eagle Area, Lincoln, NE—68524
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Legend / Eagle Area, Lincoln, NE
As of Oct '25, the median home price in Legend / Eagle Area, Lincoln, NE is $253,000, with a year-over-year change of 3.1%. This indicates that home prices in Legend / Eagle Area, 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 | $253,000 | 3.1% |
| Single Family | $254,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 4.2% |
3 Bed | $255,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Legend / Eagle Area, Lincoln, NE
As of July '25, Rentcast reports the average rent in Legend / Eagle Area, Lincoln, NE is $1,500, with a year-over-year rent change of -6.2%. Per bedroom, the median rent as of July '25 in Legend / Eagle Area, Lincoln, NE is 3-bedrooms: $1,500. The most common rental property sizes in Legend / Eagle Area, Lincoln, NE are 3-bedroom and 2-bedroom, accounting for 58.2% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,350 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Legend / Eagle Area, Lincoln, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Legend / Eagle Area, Lincoln, NE is 23. 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $282,000 | 0.0% |
Listing Count | 12 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 23 | 22.0% |
Demographics — Legend / Eagle Area, Lincoln, NE
As of the latest ACS Survey released in 2023, Legend / Eagle Area, Lincoln, NE has a population of 6,050, which has remained stable by -0.5% over the past 5 years. Legend / Eagle Area, Lincoln, NE is a popular place for families, as children make up 29.3% of the population. The area has a poorly educated workforce, with 24.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,050 | -0.5% |
% Under 18 | 29.3% | -12.8% |
% Seniors | 6.8% | -13.9% |
% WFH | 5.0% | 38.9% |
% w/ College Degree | 24.4% | -5.1% |
As of the latest ACS Survey released in 2023, Legend / Eagle Area, Lincoln, NE is a predominantly white area, with 68.9% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Legend / Eagle Area, Lincoln, NE is hispanic, making up 20.9% of the population. Foreign-born residents account for 9.6% of the population in Legend / Eagle Area, Lincoln, NE, and this percentage has increased by 113.3% 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 | 68.9% | -10.4% |
% Black | 2.9% | -42.0% |
% Hispanic | 20.9% | 88.3% |
% Asian | 0.5% | -61.5% |
% Foreign Born | 9.6% | 113.3% |
Mortgage and Risk — Legend / Eagle Area, Lincoln, NE
According to HUD data as of 2023, there were 44 mortgage originations in Legend / Eagle Area, Lincoln, NE, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Legend / Eagle Area, Lincoln, NE. Investor activity is high, as 16.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 16.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Legend / Eagle Area, Lincoln, NE
Legend / Eagle Area, Lincoln, NE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,040 |
| 3 Bedroom | $110 | $1,350 | $1,460 |
| 4 Bedroom | N/A | N/A | $1,560 |
Affordability — Legend / Eagle Area, Lincoln, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $253,000 |
| Median Household Income | $80,100 |