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These days, finding an affordable place to live in the Lancaster Hill area can be challenging. Home prices in Lancaster Hill are now at a median cost of $277,604, lower than the Tennessee average of $315,131.
The average cost of rent is $865/mo in Lancaster Hill, primarily driven by the current value of real estate in the Lancaster Hill area. In Lancaster Hill, 29.96% of households rent, and 47.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster Hill is $4,977 per month. Households that rent pay about 17.38% of their income on rent here. Lancaster Hill’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hickman, TN: equally priced homes
- Lancaster, TN: equally priced homes
- Club Springs, TN: equally priced homes
- Gordonsville, TN: equally priced homes
- Temperance Hall, TN: higher priced homes
- Buffalo Valley, TN: equally priced homes
- Elmwood, TN: less expensive homes
- Chestnut Mound, TN: less expensive homes
- Prosperity, TN: equally priced homes
- Sykes, TN: equally priced homes
Cities with Similar Populations
- Bairdstown, OH: less expensive homes
- Ayr, ND: less expensive homes
- Ashland, WV: less expensive homes
- Plano, ID: higher priced homes
- Pottery Addition, OH: less expensive homes
- Portland, KS: less expensive homes
- Portage, MT: less expensive homes
- Poplar Springs, SC: higher priced homes
- Pleasure Beach, CT: higher priced homes
- Pleasant Union, PA: less expensive homes
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