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Lincoln, NE mortgage & affordability calculator

The typical home in Lincoln, NE is worth about $265,000. With 20% down that's a loan near $212,000 — the calculator is pre-filled with that figure. As Nebraska's capital and home to the University of Nebraska's flagship campus, Lincoln has a steadier economic base than most Plains state capitals, and prices remain well below Omaha. Nebraska's property tax rate is among the highest in the country, and hail-driven insurance costs add another line most buyers don't expect.

$1,376.44 / month

Total interest
$283,515
Total paid
$495,515
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$53k$106k$159k$212k0612182430Year

How much you need to earn

Lincoln, NE's median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $207,727 with 20% down — below the $265,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$207,791 max home price

Max loan amount
$154,791
Housing payment budget
$1,680
P&I budget
$1,005
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Lincoln, NE is about $1,200 a month, so owning the median home costs roughly $852 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Lincoln, NE?
On the metro's roughly $265,000 typical home with 20% down, the loan is about $212,000. Principal and interest run near $1,376 a month at today's rate, and Lincoln, NE's property tax plus insurance add about $675, for a full payment near $2,052.
Can I afford a home in Lincoln, NE on the median income?
The median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $207,727 with 20% down — below the $265,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Lincoln, NE?
Typical asking rent is about $1,200 a month. The full owner payment on a median home is near $2,052, so owning costs roughly $852 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Lincoln, NE?
The effective property tax rate in the core county is about 1.70% of market value — roughly $4,505 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Lincoln, NE rising or falling?
Home values are up about 4% over the past year. As Nebraska's capital and home to the University of Nebraska's flagship campus, Lincoln has a steadier economic base than most Plains state capitals, and prices remain well below Omaha. Nebraska's property tax rate is among the highest in the country, and hail-driven insurance costs add another line most buyers don't expect.

Nearby metros

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