Lincoln, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lincoln Neighborhoods Since 2000




Lincoln, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lincoln Housing Market Information

With 6,524 people, 2,561 houses or apartments, and a median cost of homes of $110,353, 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

Lincoln's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lincoln during the period has been just -0.81%, which is lower than 70% of US communities.

Over the last year, Lincoln appreciation rates have trailed the rest of the nation. In the last twelve months, Lincoln's appreciation rate has been 1.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lincoln were at -0.55%, which equates to an annual appreciation rate of -2.17%.

Notably, Lincoln's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Lincoln's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$110,353

Lincoln, AL HOME PRICES

Value Range
> $1,016,000 1.1
$762,001 - $1,016,000 0.0
$508,001 - $762,000 1.2
$407,001 - $508,000 0.9
$305,001 - $407,000 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
72.2758943732069 46.5

Number Of Homes And Apartments:
2,561

Lincoln Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
26.69% 1.36% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,226 / 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