Lincoln County Real Estate and Livability Trends
Lincoln County, Maine, is seeing rapid increases in both median home values, from $204,100 in 2015 to $276,400 in 2022, and taxable income, jumping to $75,547.34 by 2021, which might signal strong economic conditions. Rising real estate taxes, peaking at $6,562.18 in 2020, coupled with significant gains in energy-efficient home credits spotlight investor interest. Simultaneously, a consistently... Read more
Lincoln County Market Trends
Lincoln County, Maine, has seen a significant rise in median home values, jumping from $204,100 in 2015 to $276,400 in 2022, outpacing state and national trends. This could indicate strong local economic conditions or increased desirability, making it attractive for investors. The average residential energy tax credit peaked at $2,544.44 in 2018, suggesting a growing market for energy-efficient... Read more
Median Value of Occupied Housing Units in Lincoln County, Maine Over the Last 8 Years
Lincoln County, Maine, has experienced a significant jump in median home values over the past eight years, spiking from $204,100 in 2015 to $276,400 in 2022. Compared to Maine's overall increase from $173,800 to $244,800 and the national rise from $125,500 to $179,400 during the same period, Lincoln County's growth stands out. This trend may signal robust local economic conditions or increasing desirability, making the county potentially attractive for investors and homebuyers seeking appreciation potential.
Residential Energy Tax Credit Per Tax Return in Lincoln County, ME Over the Last 9 Years
Over the past nine years, Lincoln County, Maine has seen notable fluctuations in the average residential energy tax credit per tax return, with particularly substantial increases from 2016 to 2018, peaking at $2,544.44 in 2018. These trends suggest an increased investment in energy-efficient home improvements, likely reflecting broader state or federal incentives. Real estate agents, appraisers, and builders might find this interesting as it indicates a market trend towards energy efficiency, which could impact property values and buyer preferences. Insurance agents might also note this trend for potential adjustments in property risk assessments and policy pricing.
Average Real Estate Taxes Per Tax Return in Lincoln County, ME Over the Last 10 Years
Over the last decade, Lincoln County, Maine, has seen a notable upward trend in average real estate taxes per tax return. Starting at $3,904.80 in 2012, the figures peaked at $6,562.18 in 2020, before slightly decreasing to $6,216.36 in 2021. This increase could indicate rising property values or changes in local tax policies, which might affect decisions for potential homeowners, real estate investors, and insurance agents keeping an eye on risk assessment and coverage needs. For real estate professionals, these trends suggest a continuously evolving market that might offer both opportunities and challenges.
Percentage of Farm Returns in Lincoln County, ME Over the Last 10 Years
Lincoln County, Maine has seen slight fluctuations in the percentage of farm tax returns over the past decade, peaking at approximately 1.30% in 2013 and gradually decreasing to about 0.87% by 2021. These returns provide insight into the agricultural health of the region and suggest that while farming activities are present, they may be becoming marginally less prevalent. For investors and potential residents, this trend might indicate a subtle shift in land use or economic focus in the county.
Number of Mortgages by Occupancy Type in Lincoln County, ME Over the Last 5 Years in Lincoln County
Lincoln County, Maine has seen fluctuations in mortgage counts by occupancy type over the last five years. Principal residences consistently dominate, with a noticeable drop in 2022 compared to prior years like 2021 and 2020. Second residences had a peak in 2020, gradually declining by 2022, while investment properties remained relatively stable but less prominent. Changes in occupancy type could reflect shifts in local economic conditions, housing affordability, or lifestyle trends, influencing decisions for potential investors, residents, real estate professionals, and insurers. Understanding these dynamics might help tailor services, pricing, and development projects aligned with market demands and opportunities in Lincoln County.
Economic Outlook
Lincoln County, Maine has experienced a marked rise in average taxable income, jumping from $52,293.29 in 2013 to $75,547.34 by 2021. Alongside this, state and local income taxes per return have surged from $6,233.63 in 2012 to $17,792.45 in 2021, reflecting potential economic shifts. Additionally, the average total tax liability per tax return has climbed from $7,249.43 in 2012 to $11,747.17 by 2021. This upward trajectory in income and taxes could hint at economic stability and suggest... Read more
Average Taxable Income per Tax Return in Lincoln County, ME over the last 9 years
Lincoln County in Maine has seen a notable upward trend in taxable income over the past nine years. Starting at around $52,293.29 in 2013, the average taxable income per tax return increased consistently, reaching approximately $75,547.34 by 2021. This steady growth could suggest economic stability and possibly an increasing attractiveness of the region for potential investors, property developers, and new residents. Real estate agents and insurance agents might find this trend useful for predicting market demand and assessing financial aspects related to property ownership in the area.
Average State and Local Income Taxes Per Tax Return in Lincoln County, ME Over the Last 10 Years
Investing in Lincoln County, Maine could require accounting for a noticeable increase in state and local income taxes over the past decade. From $6,233.63 in 2012, taxes per return have spiked to $17,792.45 in 2021. This trend might signal growing fiscal demand or economic changes, making it essential for potential investors and new residents to anticipate higher tax liabilities.
Average Total Tax Liability Per Tax Return in Lincoln County, ME Over the Last 10 Years
Lincoln County, Maine has seen a notable upward trend in average total tax liability per tax return over the past decade. In 2012, it was approximately $7,249.43 and rose to around $11,747.17 by 2021. This increase suggests a possible rise in local incomes or changes in tax policies. For investors, real estate agents, and those considering moving to the area, it's important to recognize that higher tax liabilities might reflect both growth and increased fiscal demands. Understanding these financial changes could be crucial for property planning, appraisals, and insurance assessments.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,418 | $1,765 | $1,911 | $1,439 | $1,601 |
| 1 adult 4 children | $1,418 | $1,442 | $1,459 | $1,439 | $1,746 |
| 2 adults 3 children | $1,418 | $1,442 | $1,659 | $1,439 | $1,296 |
| 1 adult 3 children | $1,418 | $1,177 | $1,207 | $1,439 | $1,445 |
| 2 adults 2 children | $1,165 | $1,181 | $1,407 | $1,281 | $1,057 |
| 1 adult 2 children | $1,165 | $882 | $955 | $1,281 | $1,106 |
| 2 adults 1 child | $1,165 | $933 | $1,156 | $769 | $971 |
| 1 adult 1 child | $1,165 | $603 | $704 | $769 | $842 |
| 2 adults | $918 | $750 | $904 | $0 | $731 |
| 1 adult | $913 | $409 | $452 | $0 | $667 |
Safety trends & Data
Lincoln County, Maine, has seen a marked decline in property crime over the past five years, with larceny-theft incidents dropping from 77 in 2018 to 40 in 2022 and similar downward trends in fraud and burglary cases. Although vandalism incidents fluctuated, peaking at 28 in 2020, the overall decrease in crime suggests an improving public safety scenario. This could make the area more attractive for property investments or residential moves, potentially benefiting property values and... Read more
Property Crime Trends in Lincoln County, ME Over the Last 5 Years
Lincoln County, Maine has seen a notable decline in property crime over the past five years. Larceny-theft incidents dropped from 77 in 2018 to 40 in 2022. Cases of fraud and burglary also trended downward. However, vandalism incidents fluctuated, peaking at 28 in 2020. For potential investors or anyone moving to the area, this data suggests a generally improving public safety scenario, which is encouraging when considering property investments or residential decisions. Additionally, real estate agents and appraisers may find this trend favorable for property values and marketability in the region.
Demographics
Lincoln County, Maine, shows a balanced gender distribution with a slight female majority. Educational attainment levels reveal a diversified profile, with over 6,500 residents holding a bachelor's degree and a significant number completing high school or some college. The county has a notably older demographic, with substantial populations in the 55 to 74 age brackets, suggesting a potential focus on services for older adults. Racially, the county is predominantly White, with minimal... Read more
Race Distribution in Lincoln County, Maine (2022)
Educational Attainment in Lincoln County, Maine (2022)
Age Distribution in Lincoln County, Maine
Citizen Population in Lincoln County, Maine (2022)
Political Trends & Data
In Lincoln County, Maine, the 2020 U.S. Presidential Election results indicated a narrow Democratic edge with 53.2% of the vote compared to Republicans' 43%. Minor parties like the Libertarians and Greens captured smaller portions at 1.8% and 0.8%, contributing to a competitive political environment. This slight Democratic tilt could reflect broader voting patterns in similar areas, potentially influencing local real estate market dynamics and buyer... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, Maine, the 2020 U.S. Presidential Election results showed a slight lead for Democrats with approximately 53.2% of the vote, while Republicans garnered around 43%. Minor parties such as the Libertarians and Greens received much smaller shares, roughly 1.8% and 0.8% respectively, with other parties collectively making up about 1.2%. This could suggest a competitive political landscape with a slight Democratic advantage, possibly indicative of broader voting trends in similar regions.
42.99% of voters voted for the Republican party in the 2020 Presidential Election
53.17% of voters voted for the Democrat party in the 2020 Presidential Election
1.76% of voters voted for the Livertarian party in the 2020 Presidential Election
0.83% of voters voted for the Green party in the 2020 Presidential Election
1.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lincoln County, Maine, the consistent low student-to-teacher ratio of 9 to 11 students per teacher over the past decade—against a national average of 14—hints at a strong draw for families and investors focused on education. This trend could be leveraged as a significant selling point by real estate agents and developers, while appraisers and insurance agents might consider its impact on property values and... Read more
Student-to-teacher ratio in Lincoln County, Maine over the last 10 years
Over the past decade, Lincoln County, Maine, has maintained a relatively low student-to-teacher ratio, hovering between 9 and 11 students per teacher. While the national average is 14 students per teacher, Lincoln County's figures suggest more individualized attention and potentially better educational outcomes for students. This trend might appeal to families considering a move or investors focused on educational infrastructure. For real estate agents and developers, promoting this aspect could be a strong selling point for the area. Additionally, appraisers and insurance agents should be aware of how such educational dynamics can influence property values and demand within the county.
