There are currently 6,331 real estate properties in Lincoln City, OR, with a median automated valuation model (AVM) price of $459,250.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lincoln City, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lincoln City, OR, is $528,186.00, with the most expensive house in Lincoln City, OR, topping out at $4,608,100.00 and the cheapest home in Lincoln City, OR, clocking in at $19,041.00. In other words, there’s something for every potential homebuyer or savvy investor in Lincoln City, OR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lincoln City, OR, is on a rollercoaster ride. The average rent price in Lincoln City, OR, is $1,280.00. Indeed, when looking to rent in Lincoln City, OR, you can expect to pay as little as $560.00 or as much as $2,920.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Lincoln City, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Lincoln City is located in Lincoln, Oregon, with an estimated municipal population of 9,170 residents. All of the best foreclosed homes for sale in Lincoln City are located in the following zip code areas on Foreclosure.com: 97364 97367. The estimated population per square kilometer (.62 miles) in Lincoln City is 584.
So, about how much do homes cost in Lincoln City? The most recent median value of resident-owned homes in Lincoln City is 243,812. An estimated 51.7 percent of households in Lincoln City own their homes, with an average family size of 2.92. The median household income in Lincoln City is 39,344, with12.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lincoln City, the median commute time of resident workers (in minutes) is 18.1. And last, but certainly not least, are you looking for homes to rent in Lincoln City? If so, the average rent price paid by renters in Lincoln City is 933, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lincoln City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Lincoln City is 50.4, split between 44.7 percent male versus 55.3 female. The percentage of residents who report being married in Lincoln City is 46.8, with an average family size of 2.92.
The percentage of residents who report their race in Lincoln City is as follows:
| White | 87.7% |
| Black / African American | 0.5% |
| Asian | 2.8% |
| American Indian / Alaskan Native | 2.5% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 5% |
| Other | 1.5% |
Looking for family-friendly neighborhoods in and/or near Lincoln City? Or maybe you are searching for 55+ active adult communities in and/or near Lincoln City?
The percentage of residents who report their age in Lincoln City is as follows:
| Under 10 | 10.9% |
| Aged 10-19 | 8.1% |
| 20s | 10.5% |
| 30s | 8.8% |
| 40s | 11% |
| 50s | 12.8% |
| 60s | 19.7% |
| 70s | 12.8% |
| 80+ | 5.4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lincoln City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lincoln City.
How do you know that living in -- or moving to -- Lincoln City is right where you need to be? Perhaps you grew up in Lincoln City or already live nearby; therefore, the decision to buy a home in Lincoln City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lincoln City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lincoln City:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lincoln City.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lincoln City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lincoln City, meanwhile, can field multiple offers from more qualified buyers.
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