Lincoln Homes under $500,000

Welcome to Lincoln, Nebraska – a charming city that perfectly blends Midwestern warmth with vibrant urban living. As the capital of Nebraska and the second-largest city in the state, Lincoln is renowned for its rich history, diverse culture, and a strong sense of community. Nestled in Lancaster County, this city is a hub for education and innovation, thanks in part to the presence of the University of Nebraska-Lincoln, which infuses the area with youthful energy and a variety of cultural events.

For those seeking a home in Lincoln, you’ll be delighted to know that there are numerous options available under $500,000. This makes it an ideal location for first-time homebuyers, families, and anyone looking to invest in a thriving community. From charming bungalows in historic neighborhoods to modern townhomes and spacious family residences, Lincoln offers a diverse array of properties that cater to various lifestyles and preferences.

The city's neighborhoods are as diverse as its residents, each with its own unique character. Enjoy the bustling atmosphere of the Haymarket District, known for its trendy shops and restaurants, or find tranquility in the tree-lined streets of the picturesque College View. Parks, recreational facilities, and a strong emphasis on community engagement make Lincoln a wonderful place to call home.

With its affordable housing, rich cultural scene, and welcoming atmosphere, Lincoln, Nebraska, is not just a place to live – it’s a place to thrive. Explore the possibilities today and discover your dream home in this vibrant city!

Newest Lincoln Homes under $500,000

$269,900

3 Beds ⋅ 2 Baths ⋅ 22628607 MLS

*Open house Sunday 10/4 from 10:00am-11:00am!* You won't want to miss this one! Fully remodeled from top to bottom and no expenses spared. How many homes in this price point have formal dining, an oversized heated two car garage, AND a sunroom? You have them here! Updates include: NEW flooring throughout, NEW kitchen cabinets, NEW granite countertops, NEW stainless steel appliances, NEW air conditioner, NEW light fixtures, NEW plumbing fixtures, NEW windows and much more. Fresh paint throughout! Detached two car garage makes this an even more rare find. Nearly impossible to find a home in this price point with this many updates. Come quick!

5410 Fremont Street, Lincoln

Listing courtesy of SimpliCity Real Estate.

$110,000

2 Beds ⋅ 1 Baths ⋅ 22628605 MLS

Welcome to the Enterprise Condo Building! This 55+ community has so much to offer its owners. Maintenance-free living with secured entry. This 2 bed, 1 bath condo is ready for you. The large living room opens to a balcony with great sunset views. A large kitchen with plenty of storage. New windows in both bedrooms & newer sliding glass door. Water heater new in 2023. This unit, C4, is right across the hall from coin-operated laundry & the new elevator! With a detached garage as well! Residents have access to lounge/kitchen area, exercise room and common areas. Unit also comes with a storage unit. HOA takes care of common area maintenance, exterior maintenance, snow removal, garbage service, water service, building insurance, management & lawn care. Community room available for larger gatherings. One occupant must be 55+. Located just off North 27th Street, this condo offers easy access to shopping, restaurants and I-80. Schedule your private showing today.

5801 Enterprise Drive Unit C4, Lincoln

Listing courtesy of Keller Williams Lincoln.

$249,900

4 Beds ⋅ 3 Baths ⋅ 22628568 MLS

You’ll be surprised by how much space this home has to offer! Completely updated throughout with 4 bedrooms plus a non-conforming room and 3 bathrooms. The main floor features 2 bedrooms and 2 full bathrooms, new vinyl plank flooring, fresh paint, updated fixtures, and a remodeled kitchen with new cabinets, countertops, and backsplash. Downstairs you’ll find a finished basement with an egress bedroom, 3/4 bath, and additional living space, while the finished loft provides the 4th bedroom. Out back, the large detached garage/workshop offers tons of room for vehicles, storage, projects, or hobbies. A lot of house, a great setup, and all the work is already done!

710 S 30th Street, Lincoln

Listing courtesy of SimpliCity Real Estate.

$385,000

4 Beds ⋅ 3 Baths ⋅ 22628567 MLS

Zero-entry Edenton townhome backing to beautiful commons! This tastefully updated and well-maintained home offers 4 bedrooms and 3 bathrooms, with newer flooring, fresh paint, and a new HVAC system in 2026. The great room features tall ceilings, a fireplace, and large windows showcasing the peaceful commons setting. Enjoy those same views from the balcony, covered patio, and open walkout basement. Additional highlights include first-floor laundry and a generous 21' x 13'6" storage room. HOA provides easy living with lawn care, snow removal, garbage, and recycling included.

5618 Barrington Park Drive, Lincoln

Listing courtesy of HOME Real Estate.

$419,000

6 Beds ⋅ 4 Baths ⋅ 22628562 MLS

OPEN HOUSE SATURDAY 11:30-12:30 AND SUNDAY 4:00-5:00. Welcome to this stunning six bedroom four bath, walk out home located in Bicentennial Estates! The charm of this corner lot home is amazing with an adorable front porch to welcome! Enter into the beautiful home with hardwood floors and to the right is the formal dining room room and the living room has new carpeting as well as a real wood fireplace. Enter into the kitchen area with dining and sliding doors off to the deck with great views of the common space that is very private! Laundry is on the main level. The second level has the primary suite with a balcony and private bath. There are four additional bedrooms on the second level with a full bath. The lower level has a large family room (with projection capability for movies). There is a sixth bedroom and full bath also! Walk out to the covered patio and enjoy the private fence yard. This home is close to shopping and restaurants!

5001 Valley Forge Road, Lincoln

Listing courtesy of Nebraska Realty.

$349,900

3 Beds ⋅ 3 Baths ⋅ 22628561 MLS

Tucked away on a quiet cul-de-sac, 1123 Rainy River Bay offers the space and layout that make everyday living easy. The bright main floor flows from the kitchen and informal dining area into the living room, creating a comfortable space for both relaxing and entertaining. Upstairs, you’ll find three bedrooms, including a spacious primary suite with a private bath and walk-in closet, plus the convenience of second-floor laundry. The finished basement adds even more living space along with a bonus room and plenty of storage. Outside, enjoy a fully fenced backyard with privacy fencing, while shopping, restaurants, and schools are all just minutes away. Come see how easily this home could fit your next chapter.

1123 Rainy River Bay, Lincoln

Listing courtesy of REMAX Concepts.

$449,900

2 Beds ⋅ 2 Baths ⋅ 22628559 MLS

Experience upscale living in this stunning luxury townhome located in one of South Lincoln’s most sought-after neighborhoods. Featuring high-end finishes throughout and a spacious open-concept floorplan, this home is designed to impress. The chef’s kitchen flows seamlessly into expansive living and dining areas—perfect for both everyday comfort and elegant entertaining. Enjoy the convenience of a rare three-car garage and the opportunity to customize the lower level to your preferences—note: current price does not include finished basement. Prime location with easy access to shopping and dining. Don’t miss your chance to own this exceptional property—call today for your private tour!

8800 S 46th Street, Lincoln

Listing courtesy of SimpliCity Real Estate.

$409,900

4 Beds ⋅ 3 Baths ⋅ 22628548 MLS

Welcome to 3749 S 78th Street! This 4 bedroom, 3 bath home has the space, updates and location you’ve been looking for. Step inside to a great two-story layout with plenty of room to spread out, including a large living area with fireplace, formal and informal dining spaces, and an updated kitchen with stainless steel appliances. Upstairs you’ll find all four bedrooms, including a spacious primary suite with its own bath and walk-in closet. The finished basement adds even more usable space for a rec room, home office, gym or whatever fits your needs. Out back, enjoy a large deck overlooking the private yard with mature landscaping. Add in the attached 2-stall garage and a great southeast Lincoln location, and this one checks a lot of boxes. Come take a look!

3749 S 78th Street, Lincoln

Listing courtesy of SimpliCity Real Estate.

$380,000

3 Beds ⋅ 3 Baths ⋅ 22628545 MLS

Welcome to 1871 Kennedy Dr! This move-in ready split-entry home offers 3 bedrooms, 3 bathrooms, and a functional layout with plenty of space to enjoy. The main level features an open-concept living, dining, and kitchen area with access to the deck overlooking the large, fully fenced backyard. Upstairs, you'll find the spacious primary bedroom with a private ensuite bathroom, along with two additional bedrooms and a full bathroom. The lower level offers a large family room perfect for relaxing or entertaining, plus a convenient laundry room and additional bathroom. Completing the home is a spacious 3-stall garage with plenty of room for vehicles, storage, and more. With its comfortable layout, great outdoor space, and move-in ready condition, this home is ready for its next owners!

1871 Kennedy Drive, Lincoln

Listing courtesy of Capitol Realty.

$209,997

3 Beds ⋅ 1 Baths ⋅ 22628542 MLS

Welcome to this charming and recently updated 3-bedroom, 1-bath home in a convenient Lincoln location! Offering fresh updates throughout, this move-in-ready home also features a huge bonus room that can easily serve as a fourth bedroom, spacious family room, home office, or playroom to fit your needs. Outside, you'll find a detached 2-stall garage with plenty of space for vehicles, storage, or hobbies. Located directly across the street from an elementary school, this home provides exceptional convenience for families. Whether you're a first-time homebuyer, growing family, or investor, this versatile property is one you won't want to miss. Schedule your private showing today!

3636 S 33RD Street, Lincoln

Listing courtesy of SimpliCity Real Estate.

$284,900

3 Beds ⋅ 2 Baths ⋅ 22628538 MLS

OPEN HOUSE SUN, 10/4 from 12:30 - 2:30. You will fall in love with this Craftsman-style, well-maintained home. From the beautiful street appeal to the covered front porch, where you will find peace and relaxation. Gorgeous woodwork throughout, including trim, cabinets, and flooring. Take note of the French glass doors separating the living space. They are a piece of art!!! Nice-sized beds 1 & 2 with walk-in closets. Optional bed 3 on the main floor, no closet, now used as an office with a separate exit to the back patio. Current hot tub does not convey. A gorgeous backyard with a full privacy fence gives you extra relaxation after a long day. A 2-car detached garage gives additional storage. An unfinished lower level has plenty of options to add finished square feet to this already amazing property. Washer/Dryer & Refrigerator convey. Don't miss the pull-out kitchen pantry cabinet. Furnace 2021, A/C 2022, Roof under 10 years old.

1625 Burr Street, Lincoln

Listing courtesy of BHHS Ambassador Real Estate.

$384,900

4 Beds ⋅ 3 Baths ⋅ 22628532 MLS

Welcome to a truly one-of-a-kind home filled with character, impressive living spaces, and a backyard you have to see!Offering 2,200 square feet with four spacious bedrooms and three bathrooms, this home features a welcoming covered front porch, soaring cathedral ceilings, oak flooring, cozy fireplaces, beautiful oak window seats, and unique architectural details throughout. The spacious primary suite includes a private bathroom with a tiled whirlpool tub, cathedral ceiling, and skylight.The kitchen offers raised-panel oak cabinetry, crown molding, and a partial granite backsplash—but the real showstopper is outside! The oasis-inspired backyard was made for entertaining and includes an outdoor kitchen, firepit, contemporary LED lighting, stone and granite accents, zero-chemical above-ground pool, and storage shed.The garage is finished with a sealed epoxy floor- BONUS! This home is anything but ordinary—come experience it all!

2822 O'Shea Drive, Lincoln

Listing courtesy of Nebraska Realty.

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