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 $132,726, lower than the Minnesota average of $269,934.
The average cost of rent is $682/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 55.83% of residents own their homes outright in Lancaster, 16.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $4,987 per month. Households that rent pay about 13.67% of their income on rent here. Lancaster's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Orleans, MN: less expensive homes
- Noyes, MN: equally priced homes
- Hallock, MN: less expensive homes
- Lake Bronson, MN: less expensive homes
- Northcote, MN: less expensive homes
- Humboldt, MN: less expensive homes
- Kennedy, MN: less expensive homes
- Mattson, MN: less expensive homes
- Halma, MN: less expensive homes
- Donaldson, MN: less expensive homes
Cities with Similar Populations
- Lenox Dale, MA: higher priced homes
- Lottsburg, VA: higher priced homes
- Long Ridge, KY: equally priced homes
- Long, OK: less expensive homes
- Lone Tree, MO: higher priced homes
- Lone Camp, TX: higher priced homes
- Lodgepole, NE: less expensive homes
- Lincolnville Center, ME: equally priced homes
- Lincoln, WA: higher priced homes
- Liddell, NC: less expensive homes
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