Lincoln, IL Real Estate
According to census data in the year 2000 there were 6,372 housing units in Lincoln.
This represents a 1.3% growth from 6,293 in 1990.
Of those housing units, 6,312 were located in either urbanized areas or urban clusters, and 60 were located in what is classified as a rural area.
Homeownership rate in Lincoln is about 64.5%.
Lincoln's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Lincoln were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 11.60% |
| Two Bedrooms | 39.80% |
| Three Bedrooms | 37.80% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $73,700 |
| Median Price asked for vacant units | $53,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $401 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 52.80% |
| Debt Free | 38.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
