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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 $515,752, lower than the Massachusetts average of $625,090.
The average cost of rent is $2,205/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. In Lancaster, 14.80% of households rent, and 21.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $11,573 per month. Households that rent pay about 19.05% of their income on rent here. Lancaster’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ponakin Mill, MA: equally priced homes
- Clinton, MA: less expensive homes
- Sterling, MA: equally priced homes
- Bolton, MA: higher priced homes
- Still River, MA: higher priced homes
- South Bolton, MA: higher priced homes
- Harvard Station, MA: higher priced homes
- Berlin, MA: higher priced homes
- Leominster, MA: less expensive homes
- West Berlin, MA: higher priced homes
Cities with Similar Populations
- Kildeer, IL: higher priced homes
- Kingston, GA: less expensive homes
- Kingsford, MI: less expensive homes
- Kings Point, NY: higher priced homes
- Kingfisher, OK: less expensive homes
- King City, OR: less expensive homes
- Kimberly, AL: less expensive homes
- Kiln, MS: less expensive homes
- Killingworth, CT: less expensive homes
- Kingston, OK: less expensive homes
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