Quick facts: Lincolnton, NC

Quick Facts

98.4
Cost of Living
below US average
11,818
Population
39.6
Crime Rate per 1000
above US average
$41,614
Median Income
below US average
$329,900
Median House Price
above US average
$1537.0
Average Rent
above US average
12%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $41,614.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $41,614
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1537.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $41,614
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lincolnton, NC

Lincolnton, located in Lincoln County, North Carolina, is a charming city with a rich history and a vibrant community. Founded in the early 19th century, it serves as the county seat and is situated about 30 miles northwest of Charlotte. The city is characterized by its picturesque downtown area, featuring beautifully preserved historic buildings and a variety of local shops, restaurants, and cultural venues. Lincolnton offers a blend of small-town charm and accessibility to larger urban amenities. Outdoor enthusiasts can enjoy recreational activities at nearby Lake Norman and nearby parks, including the expansive Lincolnton Parks and Recreation areas, which provide facilities for sports, hiking, and picnicking. The city hosts several community events throughout the year, such as the annual Lincolnton Downtown Christmas Celebration and the Lincolnton Bluegrass Festival, which draw residents and visitors alike. With its welcoming atmosphere, strong local economy, and commitment to preserving its history, Lincolnton remains a hidden gem within the foothills of North Carolina.

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