Lancaster, MA—01523
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lancaster, MA
As of Oct '25, the median home price in Lancaster, MA is $563,000, with a year-over-year change of 0.7%. This indicates that home prices in Lancaster, MA are flat. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $563,000 | 0.7% |
| Single Family | $576,000 | 0.5% |
| Condos | $440,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $466,000 | 2.0% |
3 Bed | $543,000 | 0.2% |
4 Bed | $735,000 | 1.1% |
| 5 Bed | $764,000 | 0.5% |
% of Housing Stock
Rental Trends — Lancaster, MA
As of July '25, Rentcast reports the average rent in Lancaster, MA is $2,410, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Lancaster, MA is 2-bedrooms: $2,230, 3-bedrooms: $2,950. The most common rental property sizes in Lancaster, MA are 3-bedroom and 2-bedroom, accounting for 41.8% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,900 | $2,230 |
| 3 Bed Rent | $2,950 | $2,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lancaster, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lancaster, MA is 51. This is a increase of 11.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | -2.0% |
Listing Count | 15 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 51 | 11.0% |
Demographics — Lancaster, MA
As of the latest ACS Survey released in 2023, Lancaster, MA has a population of 8,470, which has increased by 9.3% over the past 5 years. Lancaster, MA is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,470 | 9.3% |
% Under 18 | 17.8% | -13.6% |
% Seniors | 19.6% | 23.3% |
% WFH | 31.8% | 360.9% |
% w/ College Degree | 51.5% | 33.1% |
As of the latest ACS Survey released in 2023, Lancaster, MA is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Lancaster, MA is hispanic, making up 9.8% of the population. Foreign-born residents account for 6.7% of the population in Lancaster, MA, and this percentage has decreased by 2.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.0% | -3.1% |
% Black | 4.9% | -3.9% |
% Hispanic | 9.8% | 16.7% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 6.7% | -2.9% |
Mortgage and Risk — Lancaster, MA
According to HUD data as of 2023, there were 167 mortgage originations in Lancaster, MA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lancaster, MA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lancaster, MA
Lancaster, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,040 |
| 2 Bedroom | $770 | $1,900 | $2,670 |
| 3 Bedroom | $790 | $2,950 | $3,740 |
| 4 Bedroom | N/A | N/A | $4,290 |
Affordability — Lancaster, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $563,000 |
| Median Household Income | $130,000 |