The housing market in 01523 Lancaster, MA is thriving. The median value of a house in this area is $460,500, which is significantly higher than the US median house value of $338,100. Furthermore, while the US has experienced an 8.27% appreciation in house values over the past year, the Lancaster area has seen an even greater rate of 7.66%. This indicates that this area is seeing strong investment interest and growing house values at a higher rate than elsewhere in the country.
The median home cost in Lancaster (zip 01523) is $460,500. Home appreciation the last 10 years has been 81.1%. Home Appreciation in Lancaster (zip 01523) is up 14.0%.
Average Age of Homes
- The median age of Lancaster (zip 01523) real estate is 52 years old
The Rental Market in Lancaster (zip 01523)
- Renters make up 14.3% of the Lancaster (zip 01523) population
- 0.0% of houses and apartments in Lancaster (zip 01523), 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.