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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
49
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

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 TypeMedian Home ValueYoY % Change
All Homes
$266,0002.8%
Single Family $265,0003.1%
Condos $295,0006.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $110,000
    -0.9%
    2 Bed
    		$185,0003.9%
    3 Bed
    		$272,0003.0%
    4 Bed
    		$365,0002.8%
    5 Bed $453,7732.2%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    8.2%
    2 Bedrooms
    27.5%
    3 Bedrooms
    44.8%
    4 Bedrooms
    14.7%
    5+ Bedrooms
    3.4%

    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.

    TypeMedian RentAverage 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
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    % 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$294,00013.0%
    Listing Count
    		159-2.0%
    Listings as % of Homes0.3%-2.0%
    Days on Market
    		4915.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		62,4001.9%
    % Under 18
    		21.1%-2.3%
    % Seniors
    		19.1%8.5%
    % WFH
    		8.5%226.9%
    % w/ College Degree
    		22.8%22.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    Affordability — Lancaster, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$266,000
    Median Household Income$68,200

    Lancaster, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Sugar Grove, OH

    43155

    Carroll, OH

    43112

    Thurston

    43157

    Pleasantville, OH

    43148

    Amanda, OH

    43102

    Frequently Asked Questions