Lincoln, RI—02865
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lincoln, RI
As of Oct '25, the median home price in Lincoln, RI is $541,000, with a year-over-year change of 1.7%. This indicates that home prices in Lincoln, RI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $541,000 | 1.7% |
| Single Family | $574,000 | 1.2% |
| Condos | $362,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $270,000 | 4.2% |
2 Bed | $390,000 | 1.3% |
3 Bed | $532,000 | 1.3% |
4 Bed | $723,000 | 1.4% |
| 5 Bed | $858,000 | 1.4% |
% of Housing Stock
Rental Trends — Lincoln, RI
As of July '25, Rentcast reports the average rent in Lincoln, RI is $2,590, with a year-over-year rent change of 13.1%. Per bedroom, the median rent as of July '25 in Lincoln, RI is 1-bedrooms: $1,380, 2-bedrooms: $2,250, 3-bedrooms: $3,590, 4-bedrooms: $3,720. The most common rental property sizes in Lincoln, RI are 1-bedroom and 2-bedroom, accounting for 38.5% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,590 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,380 | $1,380 |
| 2 Bed Rent | $2,200 | $2,250 |
| 3 Bed Rent | $3,700 | $3,590 |
| 4 Bed Rent | $3,490 | $3,720 |
% of Rental Stock
Property Listings — Lincoln, RI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lincoln, RI is 27. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $732,000 | 32.0% |
Listing Count | 58 | -24.0% |
| Listings as % of Homes | 0.9% | -24.0% |
Days on Market | 27 | -1.0% |
Demographics — Lincoln, RI
As of the latest ACS Survey released in 2023, Lincoln, RI has a population of 18,000, which has increased by 3.4% over the past 5 years. Lincoln, RI is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 48.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,000 | 3.4% |
% Under 18 | 22.5% | 5.6% |
% Seniors | 22.9% | 13.9% |
% WFH | 14.7% | 600.0% |
% w/ College Degree | 48.3% | 16.9% |
As of the latest ACS Survey released in 2023, Lincoln, RI is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Lincoln, RI is hispanic, making up 5.8% of the population. Foreign-born residents account for 10.6% of the population in Lincoln, RI, and this percentage has increased by 1.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.4% | -5.5% |
% Black | 0.6% | -57.1% |
% Hispanic | 5.8% | 1.8% |
% Asian | 5.5% | 61.8% |
% Foreign Born | 10.6% | 1.0% |
Mortgage and Risk — Lincoln, RI
According to HUD data as of 2023, there were 361 mortgage originations in Lincoln, RI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Lincoln, RI. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 361 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lincoln, RI
As of 2024, the percent of homes in Lincoln, RI under the Section 8 program is 12.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lincoln, RI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 397 |
Total Units Section 8 | 196 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 94.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,380 | $1,520 |
| 2 Bedroom | -$360 | $2,200 | $1,840 |
| 3 Bedroom | -$1,470 | $3,700 | $2,230 |
| 4 Bedroom | -$730 | $3,490 | $2,760 |
Affordability — Lincoln, RI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $541,000 |
| Median Household Income | $117,000 |