Why Live in Lincoln
Lincoln, Illinois, a historic Route 66 stop, is a rural city with a population of 13,000. Named for Abraham Lincoln before his presidency, the city features a bustling downtown with a variety of shopping and dining options. Residents often commute to nearby cities like Springfield, Decatur, and Bloomington but enjoy Lincoln's amenities, including locally owned cafes, boutiques, and antique shops. The city is known for its historic homes, with older properties dating back to the early 1900s and newer subdivisions from the 1980s onward. Common architectural styles include ranch-style homes, bungalows, and Craftsmans.
Lincoln offers numerous attractions, such as 14 parks, a golf course, and the Lincoln Park District, which includes a playground, pool, and various sports facilities. Kickapoo Creek Park features 10 miles of trails, while the Lincoln Elks Golf Course provides an 18-hole experience. The Logan County Fairgrounds and Lincoln Speedway host frequent events, and the VIP Lincoln Grand theater offers entertainment in the heart of downtown. The Lincoln Heritage Museum is a notable attraction, displaying presidential artifacts.
The city hosts several annual events, including the Balloons Over 66 hot-air balloon festival and Third Fridays Downtown, featuring live music and vendors. Lincoln Elementary School District 27 and Lincoln Community High School District 404 are highly rated, with additional private school options available. Transportation is convenient with State Routes 10 and 121, Interstate 155, SHOW BUS Public Transportation, and an Amtrak station. Lincoln Memorial Hospital provides local healthcare. The city enjoys a humid continental climate and has lower crime rates compared to state and national averages.
Frequently Asked Questions
What is the average home price in Lincoln, IL?
Homes for sale in Lincoln, IL have an average home price of $145,176.
Are home prices dropping in Lincoln?
Yes, home prices in Lincoln are down 9% in the last 12 months.
How many homes have sold over the last 12 months in Lincoln, IL?
12 homes have sold in Lincoln, IL over the last 12 months.
What are the most popular zip codes in Lincoln, IL?
How much do you need to make to afford a house in Lincoln?
The median home price in Lincoln is $69,900. If you put a 20% down payment of $14,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $360 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $15K a year to afford the median home price in Lincoln.
How are the schools in Lincoln, IL?
Home Trends in Lincoln, IL
On average, homes in Lincoln, IL sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Lincoln, IL over the last 12 months is $69,000, down 34% from the median home sale price over the previous 12 months.
Median Sale Price
$69,000
Median Single Family Sale Price
$69,000
Average Price Per Sq Ft
$90
Number of Homes for Sale
1
Last 12 months Home Sales
12
Median List Price
$69,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-34%