Lancaster, KS is a great place to invest in housing. The median value for homes in Lancaster is $172,800, which is less than the US median of $338,100. In addition to being more affordable, houses in Lancaster are also appreciating at a higher rate than the national average - 11.73% compared to 8.27%. Therefore, investing in property in Lancaster could be an excellent way to make profits over time.
The median home cost in Lancaster is $172,800. Home appreciation the last 10 years has been 83.3%. Home Appreciation in Lancaster is up 13.7%.
Average Age of Homes
- The median age of Lancaster real estate is 56 years old
The Rental Market in Lancaster
- Renters make up 4.5% of the Lancaster population
- 0.0% 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.