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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 $288,658, lower than the Virginia average of $443,089.
The average cost of rent is $1,072/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. In Lancaster, 13.14% of households rent, and 51.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $5,895 per month. Households that rent pay about 18.19% of their income on rent here. Lancaster’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McNeals Corner, VA: less expensive homes
- Weems, VA: higher priced homes
- Morattico, VA: less expensive homes
- Kilmarnock, VA: higher priced homes
- Irvington, VA: higher priced homes
- Howland, VA: less expensive homes
- Water View, VA: equally priced homes
- Urbanna, VA: higher priced homes
- Edwardsville, VA: less expensive homes
- Wicomico Church, VA: higher priced homes
Cities with Similar Populations
- White Sulphur Springs, WV: less expensive homes
- St. Henry, OH: higher priced homes
- Stockton, NJ: higher priced homes
- Leighton, AL: less expensive homes
- Wellston, OK: less expensive homes
- La Salle, MI: less expensive homes
- Fayette, MS: less expensive homes
- Willard, UT: higher priced homes
- Claysville, PA: less expensive homes
- Clarksville, OH: equally priced homes
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