Lincoln, MI housing market
Home prices around Lincoln have risen about 87% over the past 5 years. No new homes were permitted in 2021.
Home values, sales, trends and how Lincoln compares with the towns next door — updated as new data is published.
Home prices up 87% in 5 years
The federal house price index for the ZIP codes around Lincoln rose 87% over the past 5 years, faster than across Michigan (52%). Last year prices rose 18%. Carrying the Census median home value forward with that index puts the typical Lincoln home at roughly $296,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +18% | +138% | +97% |
| 2024 | −0.9% | +102% | +88% |
| 2023 | +18% | +104% | +76% |
| 2022 | +19% | +72% | +64% |
| 2021 | +14% | +44% | +45% |
| 2020 | +5.6% | +27% | +30% |
| 2019 | +4.2% | +20% | +26% |
| 2018 | +4.5% | +16% | +20% |
| 2017 | +5.6% | +11% | +12% |
| 2016 | +7.6% | +4.7% | +5.3% |
| 2015 | −0.2% | −2.7% | 0% |
| 2014 | −0.6% | −2.6% | −4.7% |
| 2013 | +6.3% | −2% | −12% |
| 2012 | −6.2% | −7.9% | −16% |
| 2011 | −4.1% | −1.7% | −16% |
| 2010 | −6.3% | +2.5% | −12% |
| 2009 | −4.3% | +9.4% | −5% |
| 2008 | −8.3% | +14% | +3.5% |
| 2007 | −1.1% | +25% | +11% |
| 2006 | −0.4% | +26% | +16% |
| 2005 | +3.8% | +27% | +18% |
| 2004 | +8% | +22% | +14% |
| 2003 | +2.8% | +13% | +10% |
| 2002 | +4.1% | +9.9% | +8.3% |
| 2001 | +5.6% | +5.6% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 48625, 48632, 48622, 48633, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
No new homes permitted in 2021
No permits for new homes were issued in Lincoln in 2021. The last year with any was 2020 (2 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lincoln's population fell by 19 even though 8 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 64% of Lincoln's homes are seasonal or vacation homes, which adds housing without adding residents. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2021 | 0 | 0 | 0 | — |
| 2020 | 2 | 2 | 0 | $250,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $300,000 |
| 2016 | 1 | 1 | 0 | $400,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $105,000 |
| 2012 | 1 | 1 | 0 | $105,000 |
| 2011 | 1 | 1 | 0 | $105,000 |
| 2010 | 3 | 3 | 0 | $250,000 |
| 2009 | 3 | 3 | 0 | $250,000 |
| 2008 | 1 | 1 | 0 | $150,000 |
| 2007 | 8 | 8 | 0 | $582,000 |
| 2006 | 10 | 10 | 0 | $727,000 |
| 2005 | 22 | 22 | 0 | $1.9 million |
| 2004 | 31 | 31 | 0 | $2.7 million |
| 2003 | 16 | 16 | 0 | $1.2 million |
| 2002 | 22 | 22 | 0 | $2 million |
| 2001 | 36 | 36 | 0 | $3.1 million |
| 2000 | 36 | 36 | 0 | $3.1 million |
Lincoln's permit office didn't report to the Census in 2021, so the 2021 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Lincoln and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Lincoln | +18%† | $990 | — | $48,953 |
| Freeman | +32.3%† | $980 | — | $54,063 |
| Surrey | +18.5%† | $1,030 | 3 | $50,764 |
| Greenwood | +10.5%† | $970 | — | $54,583 |
| Hatton | +9.7%† | $1,000 | — | $64,286 |
† FHFA price index change, where Zillow has no home value for the town.
2.9 years of income
The typical Lincoln home costs about 2.9 years of the town's median household income, less than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $990
HUD's Fair Market Rent for a two-bedroom in Lincoln is $990 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 24% of the town's median household income.
Studio $720 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48622, 48625, 48632, 48633; Clare County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Lincoln
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.