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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 Type0%
One Bedroom1.70%
Two Bedrooms17.80%
Three Bedrooms53.70%
Four Bedrooms24%
Five Bedrooms or more2.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.18
Median year structure was built1985
Median Value of occupied units$74,100
Median Price asked for vacant units$72,500

Rented Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1973

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage6.50%
Home Equity Loan5.30%
Simple Mortgage84%
Debt Free3.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs22.6%