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 $159,925, lower than the Texas average of $235,268.
The average cost of rent is $1,378/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 30.29% of residents own their homes outright in Lancaster, 33.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $5,524 per month. Households that rent pay about 24.95% of their income on rent here. Lancaster's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- DeSoto, TX: higher priced homes
- Hutchins, TX: less expensive homes
- Glenn Heights, TX: higher priced homes
- Wilmer, TX: less expensive homes
- Red Oak, TX: higher priced homes
- Oak Leaf, TX: higher priced homes
- Duncanville, TX: equally priced homes
- Ovilla, TX: higher priced homes
- Kleberg, TX: equally priced homes
- Patrick, TX: less expensive homes
Cities with Similar Populations
- Avon, IN: higher priced homes
- Salem, MA: higher priced homes
- San Juan Capistrano, CA: higher priced homes
- Linden, NJ: higher priced homes
- Sun Prairie, WI: higher priced homes
- Tolleson, AZ: higher priced homes
- Hilo, HI: higher priced homes
- Hamtramck, MI: less expensive homes
- Washington, PA: higher priced homes
- West Bend, WI: higher priced homes
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