Lancaster, CA is a vibrant city with a median housing value of $415,800, which is above the US median housing value of $338,100. Despite being in higher range than the national average, the 1 year house appreciation rate for Lancaster is 3.84%, while the national rate is 8.27%. This indicates that Lancaster's market has been steadily increasing but at a much lower rate than the rest of the US. Nonetheless, it remains an attractive option for those looking to purchase property in the area.
The median home cost in Lancaster is $415,800. Home appreciation the last 10 years has been 182.0%. Home Appreciation in Lancaster is up 11.6%.
Average Age of Homes
- The median age of Lancaster real estate is 32 years old
The Rental Market in Lancaster
- Renters make up 37.7% of the Lancaster population
- 2.0% of houses and apartments in Lancaster, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.