Lincoln Park, MI Real Estate
According to census data in the year 2000 there were 16,821 housing units in Lincoln Park.
This represents a 0.3% growth from 16,763 in 1990.
Of those housing units, 16,821 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lincoln Park is about 79.1%.
Lincoln Park's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Lincoln Park were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 11% |
| Two Bedrooms | 28.80% |
| Three Bedrooms | 51.50% |
| Four Bedrooms | 6.60% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $84,100 |
| Median Price asked for vacant units | $91,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $478 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 52.70% |
| Debt Free | 33.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
