The housing market in Lancaster, TX (zip code 75134) is thriving. The median value of a house in the area is an impressive $270,000, which is significantly lower than the US house median value of $338,100. In addition, over the last year, the appreciation rate for houses in Lancaster has been even more impressive, registering at 19.07%, far higher than the national average of 8.27%. This indicates that real estate in this area is currently very desirable and likely to remain so in the future.
The median home cost in Lancaster (zip 75134) is $270,000. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Lancaster (zip 75134) is up 23.5%.
Average Age of Homes
- The median age of Lancaster (zip 75134) real estate is 27 years old
The Rental Market in Lancaster (zip 75134)
- Renters make up 37.3% of the Lancaster (zip 75134) population
- 1.6% of houses and apartments in Lancaster (zip 75134), 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.