Lancaster, WI—53813
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lancaster, WI
As of Oct '25, the median home price in Lancaster, WI is $214,000, with a year-over-year change of 3.5%. This indicates that home prices in Lancaster, WI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $214,000 | 3.5% |
| Single Family | $214,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $202,000 | 5.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lancaster, WI
As of July '25, Rentcast reports the average rent in Lancaster, WI is $603, with a year-over-year rent change of -49.3%. Per bedroom, the median rent as of July '25 in Lancaster, WI is 1-bedrooms: $585, 2-bedrooms: $612. The most common rental property sizes in Lancaster, WI are 2-bedroom and 3-bedroom, accounting for 29.7% and 23.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $585 | $603 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $585 | $585 |
| 2 Bed Rent | $300 | $612 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lancaster, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lancaster, WI is 76. This is a increase of 35.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 23.0% |
Listing Count | 13 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 76 | 35.0% |
Demographics — Lancaster, WI
As of the latest ACS Survey released in 2023, Lancaster, WI has a population of 6,140, which has increased by 4.2% over the past 5 years. Lancaster, WI is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,140 | 4.2% |
% Under 18 | 25.1% | 5.9% |
% Seniors | 18.0% | -12.2% |
% WFH | 8.0% | -2.4% |
% w/ College Degree | 25.0% | 27.6% |
As of the latest ACS Survey released in 2023, Lancaster, WI is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Lancaster, WI is hispanic, making up 2.5% of the population. Foreign-born residents account for 1.7% of the population in Lancaster, WI, and this percentage has increased by 41.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.3% | -1.8% |
% Black | 0.2% | -71.4% |
% Hispanic | 2.5% | 150.0% |
% Asian | 0.6% | -50.0% |
% Foreign Born | 1.7% | 41.7% |
Mortgage and Risk — Lancaster, WI
According to HUD data as of 2023, there were 133 mortgage originations in Lancaster, WI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, WI. Investor activity is low, as 2.0% 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 | 133 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Lancaster, WI
Lancaster, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $585 | $730 |
| 2 Bedroom | $650 | $300 | $950 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Lancaster, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $214,000 |
| Median Household Income | $80,900 |