The housing market in South Lancaster, MA is a relatively healthy one, with the median value of homes at $392,000. This is slightly higher than the US House Median Value of $338,100. Additionally, while the US 1 year House Appreciation rate is 8.27%, the House 1 year appreciation rate in South Lancaster is 7.66%. This indicates that despite being a slightly more expensive market, home values are still increasing steadily in South Lancaster.
The median home cost in South Lancaster is $392,000. Home appreciation the last 10 years has been 81.1%. Home Appreciation in South Lancaster is up 14.0%.
Average Age of Homes
- The median age of South Lancaster real estate is 78 years old
The Rental Market in South Lancaster
- Renters make up 36.9% of the South Lancaster population
- 0.0% of houses and apartments in South 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.