Cost of Living,
Lincoln's Real Estate Market
Lincoln Metro Area
Profile: Capital city/College town Location: Southeast Nebraska along I-80, 60 miles southwest of Omaha Elevation: 1189 Time zone: Central Standard Time
|College town amenities||Harsh climate|
|Educated population||Crime rates|
|Stable economy||Outdoor recreation|
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As the capital and higher education center of the state, Lincoln is a livable, small city with a diverse economy. The largest employers include state government, the University of Nebraska, Goodyear, and smaller businesses in printing, insurance, and pharmaceutical manufacturing. The university dominates the landscape and the economy, adding 22,000 students and a healthy set of college-town amenities. It is a major sports draw for the entire state and a larger region of the Midwest, particularly during football season. There are two other small private colleges.
The downtown is clean but fairly ordinary. According to some, the area has more parks per capita than any other metropolitan area, but otherwise recreational opportunities are relatively scarce. Crime rates are a bit high for the region and type of place. The best residential areas are southwest, but some are moving 25 miles north up U.S. 77 towards Wahoo, a small Scandinavian farming community offering access to Lincoln and Omaha to the east.
The western edge of the city is in a flat valley. The surrounding area is level to gently rolling open prairie, with deep, rich, fertile soil. Areas north of downtown become somewhat hillier and more wooded. The climate is continental with a mix of influences from lower altitudes and the high Plains. Summer brings sunny days and moderate to low humidity. Warm spells can exceed 100 degrees.
Winter cold outbreaks can drive temperatures below zero for consecutive days. High winds add to discomfort in all seasons. Summer thunderstorms, particularly in late spring and early summer, can produce heavy rains and damaging hail, and often occur at night. Most snow is light and melts rapidly, but occasional heavy snows do occur. The first freeze is mid-October, last is mid-April.
Interesting Facts about Lincoln, Nebraska
As of 2014, Lincoln's population is 259,218 people. Since 2000, it has had a population growth of 13.57 percent.--------------------
The median home cost in Lincoln is $131,600. Home appreciation the last year has been 2.50 percent.--------------------
Compared to the rest of the country, Lincoln's cost of living is 9.50% Lower than the U.S. average.--------------------
Lincoln public schools spend $11,705 per student. The average school expenditure in the U.S. is $12,435. There are about 14.3 students per teacher in Lincoln.--------------------
The unemployment rate in Lincoln is 2.90 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Lincoln jobs have Increased by 1.02 percent.
Ranked #8 Most Secure Places to Live 2011 (Mid-Size Cities)
Ranked #98 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #109 Best Green Cities
Ranked #223 2005 Best Places to Live
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Lincoln's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes