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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 $269,395, lower than the South Carolina average of $296,593.
The average cost of rent is $949/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. In Lancaster, 20.75% of households rent, and 42.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $5,960 per month. Households that rent pay about 15.93% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Unity, SC: equally priced homes
- Riverside, SC: equally priced homes
- Caskey, SC: higher priced homes
- Grace, SC: higher priced homes
- Jones Crossroads, SC: less expensive homes
- Rowell, SC: less expensive homes
- Landsford, SC: less expensive homes
- Fort Lawn, SC: less expensive homes
- Heath Springs, SC: less expensive homes
- Primus, SC: less expensive homes
Cities with Similar Populations
- Lititz, PA: higher priced homes
- Rancho Santa Margarita, CA: higher priced homes
- Newburgh, NY: higher priced homes
- Newark, CA: higher priced homes
- Mount Vernon, WA: higher priced homes
- Middletown, DE: higher priced homes
- Middletown, CT: equally priced homes
- Madison, MS: higher priced homes
- Los Banos, CA: higher priced homes
- Rosenberg, TX: equally priced homes
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