Lincoln, AL Real Estate
According to census data in the year 2000 there were 2,236 housing units in Lincoln.
This represents a 67.5% growth from 1,335 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 2,236 were located in what is classified as a rural area.
Homeownership rate in Lincoln is about 87.9%.
Lincoln's vacancy rate, including seasonal lodging, is about 21.6%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Lincoln were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 7.60% |
| Two Bedrooms | 28.60% |
| Three Bedrooms | 48.90% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $94,900 |
| Median Price asked for vacant units | $42,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $280 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 8% |
| Simple Mortgage | 55.30% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
