Median Home Price
$288,588.05
Median RentTIE
$1,265.02/mo
Price-to-Rent Ratio
19.0
Property Tax RateTIE
1.73%
Price Change (1Y)
+3.9%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$160,661
Median Home PriceBETTER
$245,398.6
Median RentTIE
$1,252.39/mo
Price-to-Rent RatioBETTER
16.3
Property Tax RateTIE
1.73%
Price Change (1Y)BETTER
+5.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$58,181
Key Differences
Home Prices
Lincoln's median home price of $288,588.05 is higher than Norfolk's $245,398.6 by 18%.
Monthly Rent
Renting in Lincoln costs $1,265.02/mo compared to $1,252.39/mo in Norfolk—a difference of $12.63/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.