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 $229,826, lower than the New York average of $481,023.
The average cost of rent is $944/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 35.26% of residents own their homes outright in Lancaster, 15.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $7,919 per month. Households that rent pay about 11.92% of their income on rent here. Lancaster's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- DePew, NY: less expensive homes
- Bowmansville, NY: less expensive homes
- Town Line, NY: equally priced homes
- Elma, NY: higher priced homes
- Harris Hill, NY: equally priced homes
- Wende, NY: equally priced homes
- Cheektowaga, NY: less expensive homes
- Clarence, NY: higher priced homes
- Williamsville, NY: equally priced homes
- West Seneca, NY: less expensive homes
Cities with Similar Populations
- Tewksbury, MA: higher priced homes
- Butte, MT: less expensive homes
- Chillum, MD: higher priced homes
- Christiansburg, VA: less expensive homes
- Coram, NY: higher priced homes
- Cornelius, NC: higher priced homes
- Crowley, TX: equally priced homes
- Elgin, SC: equally priced homes
- Fairmont, WV: less expensive homes
- Studio City, CA: higher priced homes
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