The housing market in Lincoln, ME is thriving, with the median house value being significantly higher than the national average. In fact, the median house value is a whopping $175,900 compared to the US average of $338,100. Furthermore, the 1 year house appreciation rate in Lincoln has been 15.28%, far higher than the 8.27% appreciation rate nationally. This shows that investing in property in Lincoln can be very profitable for those looking to gain from strong returns in such a short amount of time. Therefore, it appears that Lincoln's housing market is on an upward trajectory and may continue to be a great investment opportunity for years to come.
The median home cost in Lincoln is $175,900. Home appreciation the last 10 years has been 79.9%. Home Appreciation in Lincoln is up 19.0%.
Average Age of Homes
- The median age of Lincoln real estate is 40 years old
The Rental Market in Lincoln
- Renters make up 26.3% of the Lincoln population
- 1.4% of houses and apartments in Lincoln, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.