Why Live in Lincoln Terrace
Lincoln Terrace in Oklahoma City is a historic neighborhood near the State Capitol and the University of Oklahoma Medical Center, attracting working professionals. The area features homes from the 1920s, including Tudors, American Foursquare, and Colonial-revival styles, with unique details like arched windows and pitched roofs. As a registered historic place, renovations and new constructions are limited. The neighborhood is served by the highly rated Wilson Elementary School, known for its arts program.
William Freemont Harn Park, with its playground, and the nearby Harn Homestead, a historical site, are local attractions. The Oklahoma History Center, less than a mile away, offers walking trails and exhibits, hosting events like the Farm-to-Table Festival and Folklife Festival. Lincoln Terrace is also a key spot during the OKC Memorial Marathon.
Residents have easy access to downtown OKC, just 2 miles away, and nearby districts like Automobile Alley and Midtown for dining and entertainment. George's Happy Hog Bar-B-Cue, less than a mile away, is a local favorite. Grocery options are limited within walking distance, with the nearest stores a few miles away. The neighborhood experiences some noise from the medical center and Interstate 235, typical for a location close to downtown. Public transportation is available via a bus line along Lincoln Boulevard, and Will Rogers World Airport is 13 miles away for longer trips.
Frequently Asked Questions
Is Lincoln Terrace a good place to live?
Lincoln Terrace is a good place to live. Lincoln Terrace is considered car-dependent and bikeable with some transit options. Lincoln Terrace is a suburban neighborhood. Lincoln Terrace has 6 parks for recreational activities. It is fairly sparse in population with 4.1 people per acre and a median age of 36. The average household income is $79,310 which is below the national average. College graduates make up 46.4% of residents. A majority of residents in Lincoln Terrace are renters, with 54.5% of residents renting and 45.5% of residents owning their home. A
local real estate agent serving Lincoln Terrace can help you decide if this neighborhood is the right one for you. Learn more on our
Lincoln Terrace neighborhood guide.
How much do you need to make to afford a house in Lincoln Terrace?
The median home price in Lincoln Terrace is $550,000. If you put a 20% down payment of $110,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $2,740 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $117K a year to afford the median home price in Lincoln Terrace. The average household income in Lincoln Terrace is $79K.
What are the best public schools in Lincoln Terrace?
The best public schools that serve Lincoln Terrace are:
What are the best private schools in Lincoln Terrace?
The best private schools that serve Lincoln Terrace are:
What are the most popular zip codes in Lincoln Terrace, Oklahoma City, OK?
What are the most popular neighborhoods near Lincoln Terrace, Oklahoma City, OK?
Home Trends in Lincoln Terrace, OK
On average, homes in Lincoln Terrace, Oklahoma City sell after 63 days on the market compared to the national average of 52 days. The median sale price for homes in Lincoln Terrace, Oklahoma City over the last 12 months is $425,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$425,000
Median Single Family Sale Price
$442,450
Median Townhouse Sale Price
$514,000
Average Price Per Sq Ft
$195
Number of Homes for Sale
6
Last 12 months Home Sales
11
Median List Price
$550,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
8%