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 $80,786, lower than the Missouri average of $194,908.
The average cost of rent is $462/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 60.63% of residents own their homes outright in Lancaster, 25.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $4,015 per month. Households that rent pay about 11.50% of their income on rent here. Lancaster's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Glenwood, MO: higher priced homes
- Coatsville, MO: higher priced homes
- Queen City, MO: equally priced homes
- Downing, MO: higher priced homes
- Savannah, IA: higher priced homes
- Livonia, MO: equally priced homes
- Monterey, IA: higher priced homes
- Worthington, MO: higher priced homes
- Mark, IA: higher priced homes
- Stiles, IA: higher priced homes
Cities with Similar Populations
- Elka Park, NY: higher priced homes
- Thompsonville, MS: higher priced homes
- Teton, ID: higher priced homes
- Tamarack, WI: higher priced homes
- Flewellyn, TN: higher priced homes
- Fleetwood, AL: higher priced homes
- Findlay, TN: higher priced homes
- Farmville, GA: higher priced homes
- Etna, ME: higher priced homes
- Emhouse, TX: higher priced homes
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