Total monthly cost of ownership
Cost to Own a Home in Lincoln, Missouri
A $123,000 home here costs
$1,082per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $449 higher every month — 71% 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 Benton County and Missouri
| Measure | Lincoln | Benton County |
|---|---|---|
| Median home value | $123,000 | $164,700 |
| Median property tax | $1,101 | $918 |
| Effective tax rate | 0.895% | 0.557% |
| Median gross rent | $784 | $823 |
| Population | 1,795 | 19,887 |
The weather behind that power bill
Lincoln sits in Benton County, which averages a high of 89.7°F in its hottest month and a low of 21.9°F in its coldest, with 43.54" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 1,523 cooling and 4,568 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Benton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Benton County
Full Benton County cost breakdown · Every county in Missouri
Common questions
How much does it cost to own a home in Lincoln?
A $123,000 home in Lincoln, Missouri costs approximately $1,082 per month with 20% down at 6.66%. That is $632 principal and interest, $92 property tax, $64 homeowners insurance, $191 utilities and $103 set aside for maintenance.
What is the property tax rate in Lincoln?
Lincoln has an effective property tax rate of 0.895%, based on a median home value of $123,000 and median real estate taxes of $1,101. That is higher than the Benton County average of 0.557%.
What is the average home price in Lincoln?
The median owner-occupied home value in Lincoln, Missouri is $123,000, against $164,700 across Benton County.
Is it cheaper to rent or buy in Lincoln?
Median gross rent in Lincoln is $784 a month, against $1,082 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 Missouri.
- 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.