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 $126,800, lower than the Indiana average of $175,617.
The average cost of rent is $853/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 43.58% of residents own their homes outright in Lancaster, 30.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $5,645 per month. Households that rent pay about 15.11% of their income on rent here. Lancaster's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Mount Etna, IN: less expensive homes
- Majenica, IN: equally priced homes
- Bippus, IN: equally priced homes
- Pleasant Plain, IN: higher priced homes
- Plum Tree, IN: equally priced homes
- Warren, IN: equally priced homes
- Milo, IN: equally priced homes
- Andrews, IN: equally priced homes
- Huntington, IN: less expensive homes
- Simpson, IN: higher priced homes
Cities with Similar Populations
- Max, MN: higher priced homes
- Manchester, MN: higher priced homes
- Mantador, ND: higher priced homes
- Manter, KS: higher priced homes
- Manuelitas, NM: higher priced homes
- Maple Island, MN: higher priced homes
- Margaret, WV: less expensive homes
- Marrowbone, KY: equally priced homes
- Martha, KY: less expensive homes
- Martha, OK: higher priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood