Home Insurance in Lincoln, Michigan
With a median home value of $125,000, Lincoln is 23% lower than the Alcona County median.
The typical home in Lincoln was built around 1972. About 34% of homes were built before 1960, about 8 points above Alcona County's 26%. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Lincoln, the housing stock is 65% single-family homes, 23% apartments in buildings with 5+ units and 9% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Lincoln, about 33% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 61% of occupied homes in Lincoln are owner-occupied. The vacancy rate is 28%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
64% of homes in Lincoln are primarily heated with natural gas.
Alcona County's top FEMA-rated hazard is inland flooding (Relatively Low), per FEMA's National Risk Index. Alcona County had 34 active NFIP flood policies as of September 2026. See the full Alcona County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).
Key figures
| Median home value | $125,000 |
|---|---|
| Median year built | 1972 |
| Owner-occupied share | 61% |
| Share of owner-occupied homes with a mortgage | 33% |
| Top county hazard | Inland Flooding (Relatively Low) |
| Active NFIP policies in Alcona County | 34 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)