Lincoln Park, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Lincoln Park Neighborhoods Since 2000




Lincoln Park, NJ 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 Q1 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 Park Housing Market Information

With a population of 10,405, 3,782 total housing units (homes and apartments), and a median house value of $323,767, real estate costs in Lincoln Park are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Lincoln Park, accounting for 51.64% of the borough's housing units. Other types of housing that are prevalent in Lincoln Park include large apartment complexes or high rise apartments ( 20.59%), row houses and other attached homes ( 18.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.24%).

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 Park. Owner-occupied housing accounts for 72.45% of Lincoln Park's homes, and 50.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lincoln Park 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 Park built between 1940-1969 ( 34.23%). A lesser amount of the housing stock also hails from before 1939 ( 11.77%). There's also some housing in Lincoln Park built between 2000 and later ( 1.99%).

Lincoln Park Home Appreciation Rates

Lincoln Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lincoln Park during the period has been just -2.09%, which is lower than 80% of US communities.

Over the last year, Lincoln Park appreciation rates have trailed the rest of the nation. In the last twelve months, Lincoln Park's appreciation rate has been 0.56%, 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 Park were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Lincoln Park's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$323,767

Lincoln Park, NJ HOME PRICES

Value Range
> $1,044,000 1.1
$783,001 - $1,044,000 2.9
$522,001 - $783,000 6.5
$417,001 - $522,000 13.4
$313,001 - $417,000 40.1
$209,001 - $313,000 27.3
$105,001 - $209,000 4.2
$52,001 - $105,000 1.7
$0 - $52,000 2.9

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
14.2271182468065 56.9105691056911

Number Of Homes And Apartments:
3,782

Lincoln Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
42.02% 2.05% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,489 / per month

Homeownership Rate

Homeownership
Owners 72.45
Renters 27.55
Vacant 6.06

Housing Market Details

 

Age of Homes

AGE OF Lincoln Park HOMES
2000 or Newer 2.0
1970 - 1999 52.0
1940 - 1969 34.2
1939 or Older 11.8

Types of Homes

TYPE OF Lincoln Park HOMES
Single-Family 51.6
Townhomes 18.5
Small Apt. Buildings 9.2
Apt. Complexes 20.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lincoln Park HOMES
No Bedroom 0.99
1 Bedroom 9.64
2 Bedrooms 36.54
3 Bedrooms 31.97
4 Bedrooms 18.21
5 or more bedrooms 2.66