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 $369,804, lower than the Massachusetts average of $477,554.
The average cost of rent is $1,582/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 25.05% of residents own their homes outright in Lancaster, 24.02% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $9,375 per month. Households that rent pay about 16.87% of their income on rent here. Lancaster's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
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: equally priced homes
- Kimberly, AL: less expensive homes
- Kiln, MS: less expensive homes
- Killingworth, CT: equally priced homes
- Kingston, OK: less expensive homes
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