Housing in Lancaster, MO is an attractive option for many homebuyers. The median value of housing in Lancaster, MO is $117,700 which is much lower than the national median house value of $338,100. In comparison to appreciation rates nationally, Lancaster has seen a much higher rate with home values increasing by 13.45% over the last year compared to 8.27% nationally. This makes it a great investment choice for those looking for reasonably priced homes that are likely to increase in value over time.
The median home cost in Lancaster is $117,700. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Lancaster is up 17.1%.
Average Age of Homes
- The median age of Lancaster real estate is 49 years old
The Rental Market in Lancaster
- Renters make up 34.4% 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.