Home Insurance in Lincoln Park, Michigan
With a median home value of $131,000, Lincoln Park is 27% lower than the Wayne County median.
The typical home in Lincoln Park was built around 1954. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 74% of homes were built before 1960, about 14 points above Wayne County's 59%.
In Lincoln Park, the housing stock is 85% single-family homes, 8% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
In Lincoln Park, about 51% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lincoln Park has an owner-occupancy rate of 69% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
87% of homes in Lincoln Park are primarily heated with natural gas.
What's the biggest home insurance risk near Lincoln Park? FEMA's National Risk Index points to strong wind (Very High) in Wayne County and Wayne County had 3,683 active NFIP flood policies as of September 2026. See the full Wayne County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Michigan carries a statewide average premium of $1,110 per year.
Key figures
| Median home value | $131,000 |
|---|---|
| Median year built | 1954 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Wayne County | 3,683 |
| 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)