Rent vs Buy in Lincoln, NE
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Lincoln, NE
Price-to-rent ratio is 19.7 (under 15 favors buying, over 21 favors renting). Renting costs $1,230/mo; owning runs about $2,151/mo — $921/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $1,520 |
| Property tax | $267 |
| Home insurance | $121 |
| Maintenance | $243 |
| Total to own | $2,151 |
| Average 2BR rent | $1,230 |
Based on a median home value of $291,408 with a $58,282 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.