Total monthly cost of ownership
Cost to Own a Home in Lincoln, Alabama
A $182,000 home here costs
$1,475per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $539 higher every month — 58% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lincoln against Talladega County and Alabama
| Measure | Lincoln | Talladega County |
|---|---|---|
| Median home value | $181,900 | $137,900 |
| Median property tax | $532 | $509 |
| Effective tax rate | 0.292% | 0.369% |
| Median gross rent | $911 | $772 |
| Population | 7,135 | 81,170 |
The weather behind that power bill
Lincoln sits in Talladega County, which averages a high of 90.8°F in its hottest month and a low of 30.6°F in its coldest, with 56.55" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,743 cooling and 3,013 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Talladega County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Talladega County
Full Talladega County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Lincoln?
A $182,000 home in Lincoln, Alabama costs approximately $1,475 per month with 20% down at 6.66%. That is $936 principal and interest, $44 property tax, $124 homeowners insurance, $219 utilities and $152 set aside for maintenance.
What is the property tax rate in Lincoln?
Lincoln has an effective property tax rate of 0.292%, based on a median home value of $181,900 and median real estate taxes of $532. That is lower than the Talladega County average of 0.369%.
What is the average home price in Lincoln?
The median owner-occupied home value in Lincoln, Alabama is $181,900, against $137,900 across Talladega County.
Is it cheaper to rent or buy in Lincoln?
Median gross rent in Lincoln is $911 a month, against $1,475 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lincoln — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alabama.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.