Why Live in Lincoln Park
Lincoln Park, MI, a suburban city established in 1925, is located 11 miles southwest of downtown Detroit and 8 miles east of the Detroit Metropolitan Wayne County Airport. With a population nearing 40,000, Lincoln Park features scenic parks and a variety of Hispanic businesses. Major employers in the area include Walmart, Starbucks, and the US Postal Service. The city offers convenient highway access and a lower cost of living compared to nearby areas. Housing in Lincoln Park is notably affordable, with common styles being bungalows and ranch-style homes, most built between 1920 and 1970. Homes here spend an average of 22 days on the market, significantly less than the national average. The city benefits from the Community Development Block Grant, aiding in citywide projects and home renovations. Lincoln Park Public Schools serve nearly 4,900 students with a student-teacher ratio of 21:1, offering free medical and counseling services through Henry Ford Health’s School-Based and Community Health Program. The city’s 19 parks, including the historic Council Point Park, provide amenities like basketball courts, playgrounds, and picnic areas. Dining options range from Mexican to American cuisine, with grocery stores like Kroger, Meijer, and Los Arcos Market. The Lincoln Park Farmers Market operates from June to October, and community events such as the Cruisin’ Downriver Car Show and Art in the Park are popular. Transportation is facilitated by Fort Street, Interstate 75, and the SMART Bus system, connecting residents to Detroit and the airport.
Frequently Asked Questions
What is the average home price in Lincoln Park, MI?
Homes for sale in Lincoln Park, MI have an average home price of $158,733.
How many homes have sold over the last 12 months in Lincoln Park, MI?
532 homes have sold in Lincoln Park, MI over the last 12 months.
What are the most popular zip codes in Lincoln Park, MI?
How much do you need to make to afford a house in Lincoln Park?
The median home price in Lincoln Park is $160,000. If you put a 20% down payment of $32,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $830 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $36K a year to afford the median home price in Lincoln Park.
How are the schools in Lincoln Park, MI?
Home Trends in Lincoln Park, MI
On average, homes in Lincoln Park, MI sell after 23 days on the market compared to the national average of 50 days. The median sale price for homes in Lincoln Park, MI over the last 12 months is $160,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$160,000
Median Single Family Sale Price
$160,000
Average Price Per Sq Ft
$146
Number of Homes for Sale
57
Last 12 months Home Sales
532
Median List Price
$160,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
