Lincoln, IL home prices
Typical home $142,750 · +7.4% in a year · income needed $45,000
The Lincoln, IL metro area ranks 830 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.4% in a year and +22.0% over five years. With 20% down at 7.11%, the typical home costs about $1,051 a month including 1.77% property tax (Logan County rate).
Mortgage on the typical Lincoln home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $28,550 | $114,200 | $768 | $0 | $282 | $1,051 | $45,000 |
| 10% down | $14,275 | $128,475 | $864 | $54 | $282 | $1,200 | $51,400 |
| 5% down | $7,138 | $135,613 | $912 | $57 | $282 | $1,251 | $53,600 |
| 3.5% down (FHA) | $4,996 | $140,165 | $943 | $63 | $282 | $1,289 | $55,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.77% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Lincoln area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Logan County, IL | $142,869 | +7.4% | 1.77% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Lincoln?
The typical home in the Lincoln, IL metro area is worth $142,750 (Zillow, September 2026).
What salary do you need to buy a house in Lincoln?
About $45,000 a year for the typical home with 20% down at 7.11%.