Housing in Lancaster, WI is significantly more affordable than the US median value. The median housing value in Lancaster is $178,300 while the US median housing value is $338,100. Over the course of one year, Lancaster experienced a 13.72% increase in its median housing value compared to the 8.27% appreciation experienced by the rest of the nation. This makes Lancaster an appealing option for those looking for more affordable housing options with strong potential for appreciation.
The median home cost in Lancaster is $178,300. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Lancaster is up 17.9%.
Average Age of Homes
- The median age of Lancaster real estate is 56 years old
The Rental Market in Lancaster
- Renters make up 26.6% of the Lancaster population
- 1.9% 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.