Zip 56735 (Lancaster, MN) Housing

The housing market in Lancaster, MN (56735) is thriving. The median value of a house in the area is $176,200 which is significantly lower than the US median value of $338,100. Despite this difference, Lancaster has seen greater appreciation with its 1 year house appreciation rate being 9.54%, higher than the US rate of 8.27%. This makes Lancaster an attractive option for home buyers looking for a bargain or investors seeking to capitalize on high returns.

The median home cost in Lancaster (zip 56735) is $176,200. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Lancaster (zip 56735) is up 14.7%.

Average Age of Homes

- The median age of Lancaster (zip 56735) real estate is 45 years old

The Rental Market in Lancaster (zip 56735)

- Renters make up 10.1% of the Lancaster (zip 56735) population
- 1.0% of houses and apartments in Lancaster (zip 56735), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lancaster, Minnesota	United States
	386.0	139,647,020.0
	59	42
	$176,200	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$9.62	$10.98
	$1,602	$2,690
	55.7%	57.4%
	29.0%	11.2%
	15.3%	31.4%
Vacant Housing
	1.0%	1.9%
	1.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	18.4%	3.6%
	8.5%	4.1%
Value of Owner-Occupied Housing
	4.7%	2.6%
	3.3%	2.4%
	10.2%	2.8%
	7.9%	3.9%
	9.3%	4.5%
	16.7%	11.3%
	15.3%	13.0%
	21.9%	20.1%
	7.9%	13.6%
	1.9%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.1%	13.6%
	4.1%	13.6%
	5.7%	13.6%
	6.2%	13.2%
	23.8%	14.8%
	5.7%	13.6%
	7.8%	10.0%
	7.5%	4.7%
	32.1%	12.2%

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