Lincoln Park's housing stock is a mix of single-family and multi-family homes spanning several eras, reflecting the borough's growth from a nineteenth-century river settlement into a mid-century suburb. Early twentieth-century homes cluster near the historic center, while older residential developments such as Lynn Park, Comley Estates, and Jacksonville spread across the borough's compact footprint. Later subdivisions, including White Oak, Woodmont, Buckingham, and Rock Ridge estates, extend the borough's newer housing. The variety of lot sizes and housing types, from modest starter homes to larger single-family properties, gives the borough a layered, established feel within a small, walkable area.

Lincoln Park's neighborhoods are compact and largely residential, organized around the borough's small center and its parks. Older areas near the center preserve the community's early character, while named developments such as Lynn Park, Comley Estates, and Jacksonville mark its mid-century expansion. Later subdivisions, including White Oak Estates, Woodmont Estates, Buckingham Estates, and Rock Ridge Estates, extend the borough's newer housing. Centennial Park, Lane's Field, and Aqueduct Park anchor recreation across the borough, and the community lake offers seasonal swimming and kayaking. The Pompton and Passaic rivers frame the borough's edges, and their convergence at Two Bridges gives the town its defining riverside setting.

Lincoln Park offers the quiet, small-scale feel of a Morris County borough with easy access to the commerce of neighboring Wayne and the wider Passaic County area. Its walkable center, community lake, and neighborhood parks anchor everyday life, with seasonal swimming and kayaking on the lake and local fields for sports and gatherings. The borough's history is preserved through the Lincoln Park History Museum and the local historical society, which recall its Beavertown origins. Commuter rail on the Montclair-Boonton Line makes the borough a practical home for those working toward New York, while the surrounding rivers and nearby county parkland offer a low-key, outdoors-oriented pace close to home.

Public education in Lincoln Park is provided by the Lincoln Park School District, which operates the borough's schools and serves students in pre-kindergarten through eighth grade across two schools and roughly 900 students. For high school, students attend Boonton High School through a sending/receiving relationship with the Boonton Public Schools. This arrangement gives families a small, community-based district for the elementary and middle years while connecting older students to a larger regional high school. The borough's location in Morris County also places a number of private and parochial school options within a short drive.

U.S. Route 202 is Lincoln Park's main highway, with County Route 504 and County Route 511 Alternate also passing through the borough. New Jersey Route 23 and Interstate 80, both major regional corridors, are accessible just to the east in neighboring Wayne. NJ Transit provides commuter rail service at the Lincoln Park station on the Montclair-Boonton Line, linking the borough to the regional rail network and a rail commute toward New York City and Newark. The borough's position near the Passaic and Morris county borders puts a range of highways, bus routes, and park-and-ride facilities within a short drive.

Recreation in Lincoln Park centers on its neighborhood parks and the Pompton and Passaic rivers. Centennial Park and Playground, Lane's Field, and Aqueduct Park offer playgrounds and sports fields, while the Lincoln Park Community Lake provides seasonal swimming and kayaking in the heart of the borough. The confluence of the Pompton and Passaic rivers at Two Bridges offers a scenic spot where the two waterways merge, with informal river access nearby. The borough's small parks, lakefront, and riverside setting support an everyday outdoor lifestyle, and larger county and state parkland across Morris and Passaic counties lies within easy reach for hiking and recreation.