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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 $515,520, higher than the Oregon average of $502,078.
The average cost of rent is $1,420/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. In Lancaster, 23.37% of households rent, and 27.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $8,128 per month. Households that rent pay about 17.47% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harrisburg, OR: less expensive homes
- Junction City, OR: equally priced homes
- Horton, OR: higher priced homes
- Riverview, OR: higher priced homes
- Miller, OR: equally priced homes
- Monroe, OR: less expensive homes
- Alvadore, OR: equally priced homes
- Cheshire, OR: higher priced homes
- Glenbrook, OR: higher priced homes
- Halsey, OR: less expensive homes
Cities with Similar Populations
- Gas Point, CA: less expensive homes
- Trimont, MN: less expensive homes
- Tildenville, FL: equally priced homes
- Thurman, OH: less expensive homes
- Tannersville, NY: less expensive homes
- South Fork, MO: less expensive homes
- Hillebrandt, TX: less expensive homes
- Harsens Island, MI: less expensive homes
- Grantwood Village, MO: less expensive homes
- Goldsboro, GA: less expensive homes
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