How much house does $500,000 buy you in Lincoln?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Lincoln?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Lincoln right now. Listings below $500,000 were included if necessary.
545 N 108Th St, Lincoln, NE 68527
- Price: $499,157
- 6 bedrooms, 2.8 bathrooms
- Square feet: 3,210
- See 545 N 108Th St, Lincoln, NE 68527 on Redfin.com
225 Knotty Pine Ln, Seward, NE 68434
- Price: $499,000
- 5 bedrooms, 3.3 bathrooms
- Square feet: 3,016
- See 225 Knotty Pine Ln, Seward, NE 68434 on Redfin.com
2573 Van Dorn St, Lincoln, NE 68502
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,020
- See 2573 Van Dorn St, Lincoln, NE 68502 on Redfin.com
833 W El Alameda St, Lincoln, NE 68523
- Price: $494,980
- 5 bedrooms, 3 bathrooms
- Square feet: 2,720
- See 833 W El Alameda St, Lincoln, NE 68523 on Redfin.com
5000 Country Hill Rd, Lincoln, NE 68516
- Price: $485,000
- 5 bedrooms, 3 bathrooms
- Square feet: 2,700
- See 5000 Country Hill Rd, Lincoln, NE 68516 on Redfin.com
943 W Avondale St, Lincoln, NE 68523
- Price: $489,000
- 5 bedrooms, 2.8 bathrooms
- Square feet: 2,314
- See 943 W Avondale St, Lincoln, NE 68523 on Redfin.com
221 Briarwood Ln, Seward, NE 68434
- Price: $499,900
- 5 bedrooms, 2.5 bathrooms
- Square feet: 3,026
- See 221 Briarwood Ln, Seward, NE 68434 on Redfin.com
2546 S St, Lincoln, NE 68503
- Price: $500,000
- 4 bedrooms, 5.3 bathrooms
- Square feet: 3,767
- See 2546 S St, Lincoln, NE 68503 on Redfin.com
4301 Birch Hollow Dr, Lincoln, NE 68516
- Price: $499,900
- 4 bedrooms, 3.3 bathrooms
- Square feet: 2,968
- See 4301 Birch Hollow Dr, Lincoln, NE 68516 on Redfin.com
811 Rockhurst Dr, Lincoln, NE 68510
- Price: $499,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,274
- See 811 Rockhurst Dr, Lincoln, NE 68510 on Redfin.com
2760 Shadowbrook Dr, Lincoln, NE 68516
- Price: $494,000
- 4 bedrooms, 3 bathrooms
- Square feet: 3,127
- See 2760 Shadowbrook Dr, Lincoln, NE 68516 on Redfin.com
2236 Scotch Pine Trl, Lincoln, NE 68512
- Price: $489,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 3,378
- See 2236 Scotch Pine Trl, Lincoln, NE 68512 on Redfin.com
845 W Arezzo Ct, Lincoln, NE 68523
- Price: $499,900
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,704
- See 845 W Arezzo Ct, Lincoln, NE 68523 on Redfin.com
4936 Spire St, Lincoln, NE 68516
- Price: $495,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,603
- See 4936 Spire St, Lincoln, NE 68516 on Redfin.com
8621 S 50Th Ct, Lincoln, NE 68516
- Price: $495,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,587
- See 8621 S 50Th Ct, Lincoln, NE 68516 on Redfin.com
8611 S 50Th Ct, Lincoln, NE 68516
- Price: $495,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,587
- See 8611 S 50Th Ct, Lincoln, NE 68516 on Redfin.com
8601 S 50Th Ct, Lincoln, NE 68516
- Price: $495,000
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,587
- See 8601 S 50Th Ct, Lincoln, NE 68516 on Redfin.com
4909 Spire St, Lincoln, NE 68516
- Price: $499,900
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,533
- See 4909 Spire St, Lincoln, NE 68516 on Redfin.com
4917 Spire St, Lincoln, NE 68516
- Price: $499,900
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,533
- See 4917 Spire St, Lincoln, NE 68516 on Redfin.com
4933 Spire St, Lincoln, NE 68516
- Price: $499,900
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,533
- See 4933 Spire St, Lincoln, NE 68516 on Redfin.com
4901 Spire St, Lincoln, NE 68516
- Price: $489,900
- 4 bedrooms, 2.8 bathrooms
- Square feet: 2,533
- See 4901 Spire St, Lincoln, NE 68516 on Redfin.com
9508 Far Niente Ln, Lincoln, NE 68526
- Price: $499,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,623
- See 9508 Far Niente Ln, Lincoln, NE 68526 on Redfin.com
8920 Trader Ct, Lincoln, NE 68507
- Price: $499,900
- 4 bedrooms, 2.3 bathrooms
- Square feet: 3,758
- See 8920 Trader Ct, Lincoln, NE 68507 on Redfin.com
5917 Fieldcrest Way, Lincoln, NE 68512
- Price: $499,900
- 3 bedrooms, 3.3 bathrooms
- Square feet: 3,979
- See 5917 Fieldcrest Way, Lincoln, NE 68512 on Redfin.com
3515 Anaheim Ct, Lincoln, NE 68506
- Price: $500,000
- 3 bedrooms, 2.8 bathrooms
- Square feet: 2,638
- See 3515 Anaheim Ct, Lincoln, NE 68506 on Redfin.com
735 Penrose Dr, Lincoln, NE 68521
- Price: $500,000
- 3 bedrooms, 2.8 bathrooms
- Square feet: 2,145
- See 735 Penrose Dr, Lincoln, NE 68521 on Redfin.com
2100 Nw 45Th St, Lincoln, NE 68528
- Price: $489,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,390
- See 2100 Nw 45Th St, Lincoln, NE 68528 on Redfin.com
9435 Breashears St, Lincoln, NE 68516
- Price: $499,950
- 3 bedrooms, 1.8 bathrooms
- Square feet: 1,587
- See 9435 Breashears St, Lincoln, NE 68516 on Redfin.com
1314 O St, Lincoln, NE 68508
- Price: $495,000
- 2 bedrooms, 2 bathrooms
- Square feet: 1,070
- See 1314 O St, Lincoln, NE 68508 on Redfin.com
1125 Q St, Lincoln, NE 68508
- Price: $499,000
- 1 bedroom, 0.8 bathrooms
- Square feet: 998
- See 1125 Q St, Lincoln, NE 68508 on Redfin.com
