Lincoln, ND housing market
The typical Lincoln home is worth about $316,000, up 3.4% in a year, 8% above the North Dakota typical home.
Home values, sales, trends and how Lincoln compares with the towns next door — updated as new data is published.
Lincoln at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Lincoln | North Dakota |
|---|---|---|
| 2017 | $240,000 | $227,000 |
| 2018 | $243,000 | $224,000 |
| 2019 | $240,000 | $220,000 |
| 2020 | $249,000 | $229,000 |
| 2021 | $253,000 | $236,000 |
| 2022 | $269,000 | $251,000 |
| 2023 | $275,000 | $263,000 |
| 2024 | $285,000 | $259,000 |
| 2025 | $302,000 | $273,000 |
| 2026 | $311,000 | $287,000 |
| August 2026 | $316,000 | $292,000 |
12 new homes permitted in 2025
Builders were permitted 12 new homes in Lincoln in 2025, all single-family houses, worth about $1.5 million to build. That's 2.7 per 1,000 residents, about the pace of North Dakota as a whole. Over the past 10 years, Lincoln has permitted 217 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lincoln gained 1,851 residents while 559 new homes were permitted: about 3.3 new residents per new home. Building and growth moved roughly in step. Across North Dakota: 1.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 5 | 5 | 0 | $617,000 |
| 2025 | 12 | 12 | 0 | $1.5 million |
| 2024 | 1 | 1 | 0 | $241,000 |
| 2023 | 2 | 2 | 0 | $435,000 |
| 2022 | 32 | 32 | 0 | $6.7 million |
| 2021 | 26 | 26 | 0 | $6 million |
| 2020 | 31 | 31 | 0 | $8.2 million |
| 2019 | 24 | 24 | 0 | $4.9 million |
| 2018 | 21 | 21 | 0 | $4.2 million |
| 2017 | 29 | 29 | 0 | $6.1 million |
| 2016 | 39 | 39 | 0 | $8.6 million |
| 2015 | 62 | 62 | 0 | $8.6 million |
| 2014 | 55 | 55 | 0 | $7.4 million |
| 2013 | 109 | 65 | 44 | $13.1 million |
| 2012 | 114 | 82 | 32 | $13.6 million |
| 2011 | 48 | 48 | 0 | $7.4 million |
| 2010 | 58 | 56 | 2 | $8 million |
| 2009 | 64 | 62 | 2 | $8.5 million |
| 2008 | 60 | 60 | 0 | $7.8 million |
| 2007 | 69 | 69 | 0 | $8.9 million |
| 2006 | 32 | 32 | 0 | $3.6 million |
| 2005 | 43 | 43 | 0 | $4.8 million |
| 2004 | 53 | 53 | 0 | $5.5 million |
| 2003 | 58 | 58 | 0 | $5.6 million |
| 2002 | 53 | 53 | 0 | $5.3 million |
| 2001 | 30 | 30 | 0 | $2.7 million |
| 2000 | 17 | 17 | 0 | $933,000 |
Lincoln's permit office reported 8 of 12 months in 2025; the Census estimated the rest.
How Lincoln ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Lincoln and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lincoln | $316K | +3.4% | $1,140 | 12 | $87,652 |
| Apple Creek | — | +3.5%† | $1,140 | — | $156,615 |
† FHFA price index change, where Zillow has no home value for the town.
3.6 years of income
The typical Lincoln home costs about 3.6 years of the town's median household income, about the same as across North Dakota (3.8).
How Lincoln ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,140
HUD's Fair Market Rent for a two-bedroom in Lincoln is $1,140 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lincoln pay a median of $950, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $930 · 4 bedrooms $1,830
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (58504; Bismarck, ND 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.
Recent listings in Lincoln
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.