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 $164,836, lower than the Ohio average of $181,280.
The average cost of rent is $970/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 36.29% of residents own their homes outright in Lancaster, 32.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $5,026 per month. Households that rent pay about 19.30% of their income on rent here. Lancaster's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Dumontville, OH: higher priced homes
- Hooker, OH: higher priced homes
- Delmont, OH: higher priced homes
- Hamburg, OH: higher priced homes
- Sugar Grove, OH: equally priced homes
- Havensport, OH: higher priced homes
- Carroll, OH: higher priced homes
- Royalton, OH: higher priced homes
- West Rushville, OH: higher priced homes
- Thurston, OH: higher priced homes
Cities with Similar Populations
- Apache Junction, AZ: higher priced homes
- Winter Park, FL: higher priced homes
- West Sacramento, CA: higher priced homes
- West Chester, OH: higher priced homes
- Webster, NY: higher priced homes
- Union, NJ: higher priced homes
- Tooele, UT: higher priced homes
- Tinley Park, IL: higher priced homes
- Texarkana, TX: less expensive homes
- Hacienda Heights, CA: higher priced homes
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