Lancaster, OH is an attractive housing market due to its relatively low median home value of $211,500 compared to the U.S. median of $338,100. In addition, Lancaster has seen a higher than average one-year appreciation rate of 13.57%, significantly more than the U.S.'s 8.27%. This makes Lancaster a great option for those looking to invest in property and take advantage of the potential for a good return on investment.
The median home cost in Lancaster is $211,500. Home appreciation the last 10 years has been 104.5%. Home Appreciation in Lancaster is up 17.1%.
Average Age of Homes
- The median age of Lancaster real estate is 53 years old
The Rental Market in Lancaster
- Renters make up 41.9% of the Lancaster population
- 2.1% 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.