Lincoln, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lincoln Neighborhoods Since 2000




Lincoln, AL Real Estate Data


Lincoln Housing Market Information

With 6,524 people, 2,561 houses or apartments, and a median cost of homes of $110,229, house prices in Lincoln are solidly below the national average.

Single-family detached homes are the single most common housing type in Lincoln, accounting for 58.59% of the city's housing units. Other types of housing that are prevalent in Lincoln include mobile homes or trailers ( 29.43%), duplexes, homes converted to apartments or other small apartment buildings ( 5.72%), and a few large apartment complexes or high rise apartments ( 3.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lincoln. Owner-occupied housing accounts for 81.01% of Lincoln's homes, and 76.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lincoln built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lincoln built between 2000 and later ( 36.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.39%). There's also some housing in Lincoln built before 1939 ( 3.49%).

Vacant housing appears to be an issue in Lincoln. Fully 23.64% of the housing stock is classified as vacant. Left unchecked, vacant Lincoln homes and apartments can be a drag on the real estate market, holding Lincoln real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lincoln Home Appreciation Rates

Real estate appreciation rates in Lincoln's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lincoln's appreciation rate, at 3.42%, has been at or slightly above the national average. In the latest quarter, Lincoln's appreciation rate has been 0.16%, which annualizes to a rate of 0.65%.

Relative to Alabama, our data show that Lincoln's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$110,229

Lincoln, AL HOME PRICES

Value Range
> $1,015,000 1.1
$761,001 - $1,015,000 0.0
$508,001 - $761,000 1.2
$406,001 - $508,000 0.9
$305,001 - $406,000 5.6
$203,001 - $305,000 14.3
$102,001 - $203,000 28.6
$51,001 - $102,000 20.5
$0 - $51,000 27.9

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
71.123872026251 45.5

Number Of Homes And Apartments:
2,561

Rent & Ownership

 

Average Market Rent:
$1,192 / per month

Homeownership Rate

Homeownership
Owners 81.01
Renters 18.99
Vacant 23.64

Housing Market Details

 

Age of Homes

AGE OF Lincoln HOMES
2000 or Newer 36.6
1970 - 1999 50.6
1940 - 1969 9.4
1939 or Older 3.5

Types of Homes

TYPE OF Lincoln HOMES
Single-Family 58.6
Townhomes 1.8
Small Apt. Buildings 5.7
Apt. Complexes 3.4
Mobile Homes 29.4
Other 1.1

Home Size

SIZE OF Lincoln HOMES
No Bedroom 0.00
1 Bedroom 5.31
2 Bedrooms 17.32
3 Bedrooms 62.85
4 Bedrooms 13.89
5 or more bedrooms 0.63

Lincoln Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
26.62% 1.38% 5 3
* 10 is highest