Lincoln Park, Michigan Housing Market Prices
Lincoln Park Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 87% below the Michigan median$18,618
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Median rent 9% below the Michigan median$1,023
Housing Market Overview
| Metric | Lincoln Park | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,618 | $138,713 | $248,835 |
| Price Trend (Annual %) | 29.4% | 8.6% | 7.5% |
| Median Gross Rent | $1,023 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln Park is about 87% lower than in Michigan. Rent is about 9% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lincoln Park, up about 29.4% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Lincoln Park rose about 26.3% between 2015 and 2024, from $810 to $1,023. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Lincoln Park.
Buying the median-priced home in Lincoln Park costs roughly 1.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lincoln Park. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Lincoln Park | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,618 | $138,713 | $248,835 |
| Median Household Income | $58,561 | $72,977 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln Park fell about 55.5%, while median household income rose about 17.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lincoln Park | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.9% | 64.6% | 58.5% |
| Rental Rate | 29.8% | 23.6% | 31.2% |
| Vacancy Rate | 4.3% | 11.8% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Lincoln Park has a homeownership rate of 65.9%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 4.3%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Lincoln Park | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1954 | 1972 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Lincoln Park was built around 1954. On average, 2.7 people live in a home with about 5.3 rooms, staying for about 15.0 years on average.
Lincoln Park, MI Housing Compared With Nearby Cities
How Lincoln Park, MI compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lincoln Park, MI | 39,240 | $18,618 #3/3 | $1,023 #2/3 | 68.9% #3/3 |
| Allen Park, MI | 27,928 | $144,722 | $1,245 | 87.3% |
| Wyandotte, MI | 24,450 | $264,062 | $971 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Lincoln Park, Michigan.
What is the median home price in Lincoln Park, Michigan?
The median home price in Lincoln Park, Michigan is $18,618, lower than the Michigan average of $138,713.
What is the average home price in Lincoln Park, Michigan?
The typical home price in Lincoln Park, Michigan, reported as the median sale price, is $18,618. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lincoln Park, Michigan?
The median gross rent in Lincoln Park, Michigan is $1,023 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Lincoln Park in 2020?
In 2020, the median gross rent in Lincoln Park, Michigan was $849 per month.
What is the price-to-rent ratio in Lincoln Park, Michigan?
The price-to-rent ratio in Lincoln Park, Michigan is about 1.5, meaning it would take roughly 1.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lincoln Park.
Are home prices or rent rising faster in Lincoln Park, Michigan?
Both home prices and rent are rising in Lincoln Park, up about 29.4% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln Park, Michigan?
65.9% of households in Lincoln Park, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Lincoln Park, Michigan?
The housing vacancy rate in Lincoln Park, Michigan is 4.3%, lower than the Michigan average of 11.8%.
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