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 7,052 people, 2,709 houses or apartments, and a median cost of homes of $1,047,523, Lincoln house prices are not only among the most expensive in Massachusetts, Lincoln real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Lincoln, accounting for 57.97% of the town's housing units. Other types of housing that are prevalent in Lincoln include row houses and other attached homes ( 20.61%), large apartment complexes or high rise apartments ( 13.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.27%).
The most prevalent building size and type in Lincoln are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.25% owning and 40.75% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lincoln's housing was primarily built during this period, from the '40s through the '60s. A full 36.27% of the town's housing hails from this era. Other housing ages represented in Lincoln include homes built between 2000 and later ( 26.90%) and housing constructed between 1970-1999 ( 25.13%). There's also some housing in Lincoln built before 1939 ( 11.70%).
Appreciation rates for homes in Lincoln have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.96%, which ranks in the top 40% nationwide. This equates to an annual average Lincoln house appreciation rate of 3.57%.
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 5.11%, 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 2.09%, which equates to an annual appreciation rate of 8.63%.
Relative to Massachusetts, our data show that Lincoln's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.
