Housing in Lancaster, TX is a great investment opportunity, with the median value being $260,400. This is much lower than the US house median value of $338,100 and is especially attractive when considering the appreciation rate over the last year. The US 1 year house appreciation rate was 8.27%, while Lancaster, TX had an impressive 19.07%. This makes investing in housing in this city worthwhile and could pay off for those looking to purchase a home or investment property here.
The median home cost in Lancaster is $260,400. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Lancaster is up 23.5%.
Average Age of Homes
- The median age of Lancaster real estate is 29 years old
The Rental Market in Lancaster
- Renters make up 32.6% of the Lancaster population
- 2.9% 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.