Lincoln, MN housing market
Home prices around Lincoln have risen about 39% over the past 5 years.
Home values, sales, trends and how Lincoln compares with the towns next door — updated as new data is published.
Home prices up 39% in 5 years
The federal house price index for the ZIP codes around Lincoln rose 39% over the past 5 years, about the same as across Minnesota. Last year prices fell 0.5%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | −0.5% | +117% | +127% |
| 2024 | +4.1% | +119% | +120% |
| 2023 | +5.6% | +110% | +113% |
| 2022 | +15% | +99% | +104% |
| 2021 | +10% | +72% | +82% |
| 2020 | −0.4% | +57% | +66% |
| 2019 | +8.9% | +57% | +61% |
| 2018 | +6.9% | +44% | +55% |
| 2017 | +1.3% | +35% | +46% |
| 2016 | +1.7% | +33% | +38% |
| 2015 | +0.3% | +31% | +32% |
| 2014 | +6.4% | +31% | +28% |
| 2013 | +3.6% | +23% | +21% |
| 2012 | −1.3% | +19% | +16% |
| 2011 | −2.5% | +20% | +18% |
| 2010 | −3.2% | +23% | +25% |
| 2009 | −4.3% | +27% | +33% |
| 2008 | −4% | +33% | +42% |
| 2007 | +6.7% | +39% | +48% |
| 2006 | −3.2% | +30% | +49% |
| 2005 | +9.4% | +34% | +45% |
| 2004 | +7.4% | +23% | +34% |
| 2003 | +5.4% | +14% | +23% |
| 2002 | +3.1% | +8.3% | +18% |
| 2001 | +5.1% | +5.1% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56055, 56062, covering 60% of Lincoln’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Lincoln and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Lincoln | — | −0.5%† | $1,060 | $89,063 |
| Garden City | $286K | +7.4% | $1,060 | $85,469 |
| Butternut Valley | — | −0.5%† | $1,060 | $111,875 |
| Madelia | $191K | +4.6% | $1,060 | $98,750 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Lincoln is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $870 · 4 bedrooms $1,780
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56055, 56062; Mankato, MN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.