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 9,966 people, 4,291 houses or apartments, and a median cost of homes of $521,515, Lincoln City 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 City, accounting for 71.69% of the city's housing units. Other types of housing that are prevalent in Lincoln City include large apartment complexes or high rise apartments ( 14.99%), mobile homes or trailers ( 7.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.20%).
The most prevalent building size and type in Lincoln City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.18% owning and 40.82% renting.
There is a lot of housing in Lincoln City 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 City built between 2000 and later ( 23.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.78%). There's also some housing in Lincoln City built before 1939 ( 11.94%).
A decent proportion of the Lincoln City housing stock is seasonally occupied. That is, homes and condos in Lincoln City are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lincoln City housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Lincoln City has experienced some of the highest home appreciation rates of any community in the nation. Lincoln City real estate appreciated 116.18% over the last ten years, which is an average annual home appreciation rate of 8.01%, putting Lincoln City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lincoln City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Lincoln City appreciation rates have trailed the rest of the nation. In the last twelve months, Lincoln City's appreciation rate has been 0.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lincoln City were at 2.21%, which equates to an annual appreciation rate of 9.15%.
Relative to Oregon, our data show that Lincoln City's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lincoln City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lincoln City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lincoln City real estate investment or home purchase decisions.
$521,515
for Oregon
for nation
4,291
$1,639 / per month