Lancaster, TX—75134
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lancaster, TX
Home Price Trends — Lancaster, TX
As of Oct '25, the median home price in Lancaster, TX is $262,000, with a year-over-year change of -5.3%. This indicates that home prices in Lancaster, TX are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | -5.3% |
| Single Family | $262,000 | -5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $165,000 | -5.2% |
3 Bed | $252,000 | -5.3% |
4 Bed | $297,000 | -4.2% |
| 5 Bed | $342,000 | -3.4% |
% of Housing Stock
Rental Trends — Lancaster, TX
As of July '25, Rentcast reports the average rent in Lancaster, TX is $1,720, with a year-over-year rent change of -23.2%. Per bedroom, the median rent as of July '25 in Lancaster, TX is 1-bedrooms: $892, 2-bedrooms: $1,700, 3-bedrooms: $1,980, 4-bedrooms: $2,310. The most common rental property sizes in Lancaster, TX are 3-bedroom and 2-bedroom, accounting for 38.8% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $892 |
| 2 Bed Rent | $1,400 | $1,700 |
| 3 Bed Rent | $1,960 | $1,980 |
| 4 Bed Rent | $2,350 | $2,310 |
% of Rental Stock
Property Listings — Lancaster, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lancaster, TX is 41. This is a increase of 2.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | 3.0% |
Listing Count | 60 | 13.0% |
| Listings as % of Homes | 0.6% | 13.0% |
Days on Market | 41 | 2.0% |
Demographics — Lancaster, TX
As of the latest ACS Survey released in 2023, Lancaster, TX has a population of 18,300, which has decreased by -18.1% over the past 5 years. Lancaster, TX is a popular place for families, as children make up 26.7% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,300 | -18.1% |
% Under 18 | 26.7% | -17.6% |
% Seniors | 11.1% | 29.1% |
% WFH | 8.2% | 290.5% |
% w/ College Degree | 22.3% | 32.7% |
As of the latest ACS Survey released in 2023, Lancaster, TX is a predominantly black area, with 68.3% of the population identifying as black. The black population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Lancaster, TX is hispanic, making up 22.0% of the population. Foreign-born residents account for 8.6% of the population in Lancaster, TX, and this percentage has increased by 30.3% 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 | 7.9% | 33.9% |
% Black | 68.3% | -3.8% |
% Hispanic | 22.0% | 1.4% |
% Asian | 0.3% | -57.1% |
% Foreign Born | 8.6% | 30.3% |
Mortgage and Risk — Lancaster, TX
According to HUD data as of 2023, there were 260 mortgage originations in Lancaster, TX, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, TX. Investor activity is low, as 2.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 260 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Lancaster, TX
As of 2024, the percent of homes in Lancaster, TX under the Section 8 program is 24.4%. 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. In Lancaster, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 307 |
Total Units Section 8 | 307 |
% Rentals under Section 8 | 24.4% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $850 | $750 | $1,600 |
| 2 Bedroom | $480 | $1,400 | $1,880 |
| 3 Bedroom | $400 | $1,960 | $2,360 |
| 4 Bedroom | $680 | $2,350 | $3,030 |
Affordability — Lancaster, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $262,000 |
| Median Household Income | $66,100 |