Lincoln’s housing market is experiencing notable shifts, with recent data indicating a 3.6% decrease in median home prices, bringing the average to $289,306. Homes are now spending an average of 35 days on the market, an increase from 27 days the previous year. Despite this, the market remains competitive, with many properties receiving multiple offers and selling above the list price. Source
Affordable Housing Initiatives
To address the need for affordable housing, several projects are underway:
Central at South Haymarket
Located at 933 “N” St., this development will offer 175 units for households earning 50% to 70% of the Area Median Income. Amenities include a community room, fitness center, and community gardens. Completion is expected in late 2026. Source
FiftyOne Commons
Situated in Northeast Lincoln, FiftyOne Commons features eight affordable rowhouse rentals, a STEAM Activity Center, and a community garden. This project aims to provide quality housing and educational opportunities for families. Source
Emerald View Apartments
Developed by the Lincoln Housing Authority, this 128-unit complex includes townhomes and apartments, with 75% of units designated as income-restricted. Amenities encompass a clubhouse, playgrounds, and a community garden. Source
Market Outlook
As Lincoln continues to grow, the housing market is adapting to meet diverse needs. The combination of market competitiveness and the introduction of affordable housing projects reflects a commitment to fostering a balanced and inclusive community.