Lincoln Park is considered to be a borough in Morris County, New Jersey. It is estimated to have a population of just under 11,000. Lincoln Park is a popular suburb for those that have careers or jobs in New York City, particularly Manhattan, because of its relative closeness to the city.
Furthermore, Lincoln Park also has the attraction of being considered one the best places to live in the country, and has been ranked as being the fifth best place to live in New Jersey in the past.
Lincoln Park coincides with the trend that the state of New Jersey is known for, which is being one the wealthiest states in the country. Such factors will also be reflected in the real estate market for Lincoln Park, NJ homes for sale. The average annual income for a household is about $70,000, while the median income for a family is just under the $80,000 mark.
Consequently, the average listing for Lincoln Park, NJ homes for sale is about $350,000, with a median sales price of approximately $285,000. Though it may have lower listing and sales prices when compared to other homes for sale in NJ, particularly neighboring suburbs, Lincoln Park, NJ homes for sale have proven to be a fairly stable commodity in the real estate market.
