Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,923, 4,117 total housing units (homes and apartments), and a median house value of $524,285, Lincoln Park real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lincoln Park, accounting for 55.95% of the borough's housing units. Other types of housing that are prevalent in Lincoln Park include large apartment complexes or high rise apartments ( 23.46%), row houses and other attached homes ( 17.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.25%).
Dwellings in Lincoln Park tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 48.93% of the homes in Lincoln Park have two or fewer bedrooms.
There is a lot of housing in Lincoln Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lincoln Park built between 1940-1969 ( 35.71%). A lesser amount of the housing stock also hails from before 1939 ( 12.93%). There's also some housing in Lincoln Park built between 2000 and later ( 4.55%).
Real estate appreciation rates in Lincoln Park's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.
Appreciation rates are so strong in Lincoln Park that despite a nationwide downturn in the housing market, Lincoln Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lincoln Park appreciation rates continue to be some of the highest in America, at 9.30%, which is higher than appreciation rates in 82.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lincoln Park. Lincoln Park appreciation rates in the latest quarter were at 2.82%, which equates to an annual appreciation rate of 11.77%.
Relative to New Jersey, our data show that Lincoln Park's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.
$524,285
$3,778 / per month