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 $174,833, lower than the Tennessee average of $218,916.
The average cost of rent is $753/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 42.28% of residents own their homes outright in Lancaster, 34.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $5,411 per month. Households that rent pay about 13.91% of their income on rent here. Lancaster's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Lancaster Hill, TN: equally priced homes
- Temperance Hall, TN: less expensive homes
- Hickman, TN: equally priced homes
- Buffalo Valley, TN: equally priced homes
- Club Springs, TN: equally priced homes
- Gordonsville, TN: equally priced homes
- Chestnut Mound, TN: equally priced homes
- Silver Point, TN: equally priced homes
- Elmwood, TN: less expensive homes
- Philippi, TN: equally priced homes
Cities with Similar Populations
- Morton, IN: less expensive homes
- Monterey, NE: higher priced homes
- Montongo, AR: less expensive homes
- Mooresville, WV: equally priced homes
- Mooreton, ND: higher priced homes
- Moorland, IA: equally priced homes
- Moorpark Home Acres, CA: higher priced homes
- Moran, WY: higher priced homes
- Morgan Center, VT: equally priced homes
- Morgan, VT: equally priced homes
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