Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lancaster area can be challenging. Home prices in Lancaster are now at a median cost of $83,547, lower than the Illinois average of $242,002.
The average cost of rent is $536/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 62.99% of residents own their homes outright in Lancaster, 29.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $3,311 per month. Households that rent pay about 16.20% of their income on rent here. Lancaster's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Mount Carmel, IL: higher priced homes
- Maud, IL: equally priced homes
- Odgen, IL: higher priced homes
- Keensburg, IL: less expensive homes
- East Mount Carmel, IN: higher priced homes
- Bellmont, IL: equally priced homes
- Patton, IL: higher priced homes
- Gards Point, IL: higher priced homes
- Johnson, IN: higher priced homes
- Owensville, IN: higher priced homes
Cities with Similar Populations
- Mount Zion, TN: higher priced homes
- Sherman City, MI: higher priced homes
- Shanksville, PA: higher priced homes
- Shady Grove, AR: higher priced homes
- Shade Gap, PA: higher priced homes
- Seven Devils, NC: higher priced homes
- Sessoms, GA: less expensive homes
- Sekiu, WA: higher priced homes
- Schoolton, OK: higher priced homes
- Salkehatchie, SC: higher priced homes
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