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If you are thinking about relocating to Lincoln soon, you may be wondering what life has in store for you in this popular area of Nebraska. Situated in the southeastern corner of the state, Lincoln is the second most populated city in the state. Home to approximately 277,000 residents, the city offers employment opportunities through both major and smaller employers, and it has a comfortable, relaxed way of life that many of its residents thoroughly enjoy. After you have learned more about what you can expect from life in Lincoln, you will be able to relocate with confidence.

What Types of Home Loans Are Available?

Many people who relocate to Lincoln will make the decision to buy a new home, and most will use a home loan rather than cash to make their purchase. With this in mind, you may be curious about the types of home loans that are available to Lincoln area residents. In Lincoln, you can find all of the primary mortgage types through a wide range of banks and mortgage brokers alike. This includes affordable FHA and VA loan programs as well as conventional and jumbo loans with fixed and adjustable rates. You typically can choose between 15, 20 and 30-year terms.

How Much Are Homes in Lincoln?

While there are numerous loan options available for your home financing needs, you also need to know about home prices in Lincoln. There are both affordable and luxurious homes available throughout town. However, the U.S. Census Bureau indicates that the median home price in Lincoln is $147,100, which makes Lincoln very affordable in comparison to the national average. If you choose to rent a home, the median rental payment is $729.

How Much Do People Earn in Lincoln?

While housing is affordable in Lincoln, it is imperative to understand the earning power of your anticipated salary after you relocate. The median per capita income in Lincoln is $26,800. The annual average household income is $49,840. In addition, approximately 16 percent of individuals live below the poverty line in this city. The cost of living in Lincoln is very affordable, and this allows you to enjoy maximum buying power with your income.

Are There Good Schools in Lincoln?

The quality of both public and private schools in Lincoln is excellent. Lincoln Public Schools is the local school district, and it is the second largest school district in the state. It serves more than 60,000 students, and there are several dozen schools and academic programs for children to benefit from from pre-kindergarten to high school. These are not nationally recognized schools, but they are known for having a challenging academic program and a high graduation rate.

What Are Crime Statistics for Lincoln?

Crime is a top concern for anyone regardless of where you live. Crime rates in Lincoln are slightly higher than in the rest of the state, and this may be attributed to the population density in the urban areas of the state. There was only one homicide reported in Lincoln within the last year, making this well below the national average per capita. The city also ranked below the national average in areas such as robbery and assault, but higher in the area of robbery. Property crimes also have mixed results. The city ranks below the national average in the property crime areas of burglary and motor vehicle theft, but it ranks higher in the area of theft. Some of the safer communities in Lincoln include Saltillo, Yankee Hill, Pine Lake, Nebraska Highway at Pine Lake Road and others.

The decision to relocate to any area is not a matter to take lightly, and this includes relocation plans to Lincoln. From its cost of living and great schools to its overall typical crime rate and more, there is much to enjoy about life in Lincoln. It may be a good idea to work with an experienced real estate agent to explore the best areas of town to move into, and you can get pre-qualified for a home loan to confirm the sales price that you should be searching for as you explore the market with your real estate agent.