Lancaster, OH 43130 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lancaster, OH—43130

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$266,000

2.8% YoY Growth

Household Income

$68,200

32.2% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

2.4%

Median Rent

$1,200

18.8% YoY Growth

1-Bed Rent

$885

9.5% YoY Growth

2-Bed Rent

$1,100

4.8% YoY Growth

3-Bed Rent

$1,880

15.3% YoY Growth

Home Price Trends — Lancaster, OH

As of Dec '25, the median home price in Lancaster, OH is $266,000, with a year-over-year change of 2.8%. This indicates that home prices in Lancaster, OH are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$266,000	2.8%
Single Family	$265,000	3.1%
Condos	$295,000	6.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lancaster, OH

As of July '25, Rentcast reports the average rent in Lancaster, OH is $1,390, with a year-over-year rent change of 18.8%. Per bedroom, the median rent as of July '25 in Lancaster, OH is studios: $947, 1-bedrooms: $990, 2-bedrooms: $1,100, 3-bedrooms: $1,880, 4-bedrooms: $2,330. The most common rental property sizes in Lancaster, OH are 2-bedroom and 3-bedroom, accounting for 46.9% and 23.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,390
Studio Rent	$750	$947
1 Bed Rent	$885	$990
2 Bed Rent	$1,100	$1,100
3 Bed Rent	$1,880	$1,880
4 Bed Rent	$2,440	$2,330

Loading chart...

% of Rental Stock

Studio

2.5%

1 Bedroom

20.3%

2 Bedrooms

46.9%

3 Bedrooms

23.5%

4 Bedrooms

6.3%

5+ Bedrooms

0.5%

Property Listings — Lancaster, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Lancaster, OH is 38. This is a increase of 19.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$294,000	13.0%
Listing Count	159	-2.0%
Listings as % of Homes	0.3%	-2.0%
Days on Market	49	15.0%

Loading chart...

Demographics — Lancaster, OH

As of the latest ACS Survey released in 2023, Lancaster, OH has a population of 62,400, which has increased by 1.9% over the past 5 years. Lancaster, OH is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	62,400	1.9%
% Under 18	21.1%	-2.3%
% Seniors	19.1%	8.5%
% WFH	8.5%	226.9%
% w/ College Degree	22.8%	22.6%

Loading chart...

As of the latest ACS Survey released in 2023, Lancaster, OH is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 1.5% in the last 5 years. The second most common race or ethnicity in Lancaster, OH is hispanic, making up 2.5% of the population. Foreign-born residents account for 1.3% of the population in Lancaster, OH, and this percentage has decreased by 7.1% 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	91.4%	-1.5%
% Black	2.4%	0.0%
% Hispanic	2.5%	47.1%
% Asian	0.5%	-28.6%
% Foreign Born	1.3%	-7.1%

Loading chart...

Mortgage and Risk — Lancaster, OH

According to HUD data as of 2023, there were 1273 mortgage originations in Lancaster, OH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, OH. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	1,273
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	4.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

Loading chart...

Rentals and Section 8 — Lancaster, OH

As of 2024, the percent of homes in Lancaster, OH under the Section 8 program is 15.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Lancaster, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,337
Total Units Section 8	1,276
% Rentals under Section 8	15.6%
% Occupied Section 8	81.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$85	$885	$970
2 Bedroom	$80	$1,100	$1,180
3 Bedroom	-$460	$1,880	$1,420
4 Bedroom	-$860	$2,440	$1,580

Lancaster, OH—43130

Key Metrics at a Glance

Home Price Trends — Lancaster, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lancaster, OH

% of Rental Stock

Property Listings — Lancaster, OH

Demographics — Lancaster, OH

Race and Ethnicity

Mortgage and Risk — Lancaster, OH

Mortgages

Rentals and Section 8 — Lancaster, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Lancaster, OH

Home Price to Income Ratio

Lancaster, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Sugar Grove, OH

Carroll, OH

Thurston

Pleasantville, OH

Amanda, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$266,000
Median Household Income	$68,200

Lancaster, OH—43130

Key Metrics at a Glance

Home Price Trends — Lancaster, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lancaster, OH

% of Rental Stock

Property Listings — Lancaster, OH

Demographics — Lancaster, OH

Race and Ethnicity

Mortgage and Risk — Lancaster, OH

Mortgages

Rentals and Section 8 — Lancaster, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Lancaster, OH

Home Price to Income Ratio

Lancaster, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Sugar Grove, OH

Carroll, OH

Thurston

Pleasantville, OH

Amanda, OH

Frequently Asked Questions

What is the average home price in Lancaster, OH 43130?

How have home prices in Lancaster, OH 43130 changed over the past year?

What is the home price projection for Lancaster, OH 43130?

What are the demographics of Lancaster, OH 43130?

How long does it take homes to sell in Lancaster, OH 43130?

What is the average rent price in Lancaster, OH 43130?