Lancaster, KY is a small city in the state of Kentucky located near Lexington. The median value of housing in 40444 Lancaster, KY is $203,500 which is significantly lower than the US house median value of $338,100. In the last year, house appreciation in 40444 Lancaster, KY has been 8.08%, which is just slightly lower than the national average of 8.27%. Despite the low housing prices and low house appreciation rate compared to national averages, Lancaster continues to be a desirable place to live due to its proximity to Lexington and other cities with high job growth potential.
The median home cost in Lancaster (zip 40444) is $203,500. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Lancaster (zip 40444) is up 15.5%.
Average Age of Homes
- The median age of Lancaster (zip 40444) real estate is 33 years old
The Rental Market in Lancaster (zip 40444)
- Renters make up 21.9% of the Lancaster (zip 40444) population
- 0.7% of houses and apartments in Lancaster (zip 40444), 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.