Lincoln, MI Real Estate
According to census data in the year 2000 there were 227 housing units in Lincoln.
This represents a 0.9% decline from 229 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 227 were located in what is classified as a rural area.
Homeownership rate in Lincoln is about 75%.
Lincoln's vacancy rate, including seasonal lodging, is about 20.7%.
Average household size is 2.09 people.
The majority of houses, apartments or condos in Lincoln were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 20.70% |
| Two Bedrooms | 39.60% |
| Three Bedrooms | 28.60% |
| Four Bedrooms | 11% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $63,800 |
| Median Price asked for vacant units | $9,999 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.30% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 46.30% |
| Debt Free | 41.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
