The median home value in Lincoln, MI is $287,300. This is higher than the county median home value of $131,300. The national median home value is $338,100. The average price of homes sold in Lincoln, MI is $287,300. Approximately 41.70% of Lincoln homes are owned, compared to 27.35% rented, while 30.94% are vacant. Lincoln real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Lincoln real estate agent to arrange a tour today!
Learn More About Lincoln Real EstateLincoln has a population of approximately 242 and experiences a population change rate of -33.52%. The population density is 293.7 / sq mi.
The median household income for Lincoln is $28,214, with 154 households and an average household size of 1.57.
The cost of living index in Lincoln is 76.8%.
The median value of a home in Lincoln is $287,300 with an appreciation rate of 14.8%. 41.7% of housing in the city is owned while 27.4% is rented.
The unemployment rate in Lincoln is 6.50%, and recent job growth is at 1.18%. Future job growth is projected at 29.39%.
The sales tax rate in Lincoln is 6.00%, while the income tax rate is 4.25%.
School expenditures in Lincoln are $14,051, and the school ratio is 10.8:1.
The average high temperature in July is 78.5 degrees, with an average low temperature in January of 10.3 degrees. The average rainfall is approximately 31.2 inches per year, with 62.2 inches of snow per year.
Metric | City | County |
---|---|---|
High School Graduates | 93.81 | 90.43 |
College Degree - 2 year | 2.86 | 9.24 |
College Degree - 4 year | 13.33 | 19.43 |
Graduate Degree | 4.29 | 5.89 |
Expenditures per Student | $14,051 | $14,051 |
Students per Teacher | 10.80 | 10.80 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Alcona Elementary School | KG - 06 | 362 | 19.1 | 48742 |
Richardson Elementary School | PK - 06 | 628 | 15.5 | 48750 |
Sanborn School | KG - 05 | 186 | 16.4 | 49766 |
School | Grades | Students | P/T Ratio | ZIP |
---|---|---|---|---|
Alcona Community High School | 07 - 12 | 364 | 20.3 | 48742 |
Oscoda Area High School | 07 - 12 | 566 | 19 | 48750 |