The housing market in Lancaster, KY is a great value for potential homeowners. The median value of a house in Lancaster, KY is $193,400, which is significantly lower than the US House Median Value of $338,100. The US House Market has seen an appreciation rate of 8.27% over the last year while Lancaster has seen an appreciation rate of 8.08%. This indicates that homes in Lancaster are on the rise in terms of market value and represent a good investment opportunity for those looking to buy into the area.
The median home cost in Lancaster is $193,400. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Lancaster is up 15.5%.
Average Age of Homes
- The median age of Lancaster real estate is 47 years old
The Rental Market in Lancaster
- Renters make up 40.2% of the Lancaster population
- 1.4% 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.