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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 7,272 people, 2,667 houses or apartments, and a median cost of homes of $276,739, Lincoln real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Lincoln, accounting for 64.75% of the city's housing units. Other types of housing that are prevalent in Lincoln include mobile homes or trailers ( 28.55%), large apartment complexes or high rise apartments ( 4.08%), and a few row houses and other attached homes ( 2.13%).
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 85.58% of Lincoln's homes, and 77.57% 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 ( 34.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.22%). There's also some housing in Lincoln built before 1939 ( 2.93%).
Vacant housing appears to be an issue in Lincoln. Fully 18.74% 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.
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 5.86% during the period.
NeighborhoodScout's data show that during the latest twelve months, Lincoln's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Lincoln's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.
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.
$276,739
for Alabama
for nation
2,667
$1,667 / per month