The housing market in 63548 Lancaster, MO is strong with a median value of $112,600. This is significantly lower than the US house median value of $338,100, but it has had an impressive 1 year appreciation rate of 13.45%. This rate is higher than the national average appreciation rate of 8.27%. The statistics suggest that this area continues to be an attractive destination for potential homeowners in search of a place to settle down and enjoy the local amenities.
The median home cost in Lancaster (zip 63548) is $112,600. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Lancaster (zip 63548) is up 17.1%.
Average Age of Homes
- The median age of Lancaster (zip 63548) real estate is 50 years old
The Rental Market in Lancaster (zip 63548)
- Renters make up 29.9% of the Lancaster (zip 63548) population
- 2.4% of houses and apartments in Lancaster (zip 63548), 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.