Lincoln, ND Real Estate
According to census data in the year 2000 there were 538 housing units in Lincoln.
This represents a 55.5% growth from 346 in 1990.
Of those housing units, 538 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 is about 98.1%.
Lincoln's vacancy rate, including seasonal lodging, is about 0.6%.
Average household size is 3.18 people.
The majority of houses, apartments or condos in Lincoln were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.70% |
| Two Bedrooms | 17.80% |
| Three Bedrooms | 53.70% |
| Four Bedrooms | 24% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.18 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $74,100 |
| Median Price asked for vacant units | $72,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1973 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 84% |
| Debt Free | 3.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.6% |
