Lancaster, TX—75146
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 $280,000, with a year-over-year change of -4.3%. This indicates that home prices in Lancaster, TX are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $280,000 | -4.3% |
| Single Family | $280,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $181,000 | -0.5% |
3 Bed | $266,000 | -4.7% |
4 Bed | $308,000 | -3.7% |
| 5 Bed | $356,000 | -1.9% |
% of Housing Stock
Rental Trends — Lancaster, TX
As of July '25, Rentcast reports the average rent in Lancaster, TX is $1,740, with a year-over-year rent change of -20.2%. Per bedroom, the median rent as of July '25 in Lancaster, TX is 1-bedrooms: $1,140, 2-bedrooms: $1,320, 3-bedrooms: $2,040, 4-bedrooms: $2,130. The most common rental property sizes in Lancaster, TX are 2-bedroom and 3-bedroom, accounting for 39.0% and 35.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,140 |
| 2 Bed Rent | $1,280 | $1,320 |
| 3 Bed Rent | $2,000 | $2,040 |
| 4 Bed Rent | $2,150 | $2,130 |
% 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 47. This is a increase of 9.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | 1.0% |
Listing Count | 68 | -21.0% |
| Listings as % of Homes | 0.8% | -21.0% |
Days on Market | 47 | 9.0% |
Demographics — Lancaster, TX
As of the latest ACS Survey released in 2023, Lancaster, TX has a population of 25,800, which has increased by 35.9% over the past 5 years. Lancaster, TX is a popular place for families, as children make up 30.2% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,800 | 35.9% |
% Under 18 | 30.2% | -1.9% |
% Seniors | 10.2% | 14.6% |
% WFH | 7.3% | 305.6% |
% w/ College Degree | 27.4% | 21.2% |
As of the latest ACS Survey released in 2023, Lancaster, TX is a predominantly black area, with 60.5% of the population identifying as black. The black population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Lancaster, TX is hispanic, making up 25.8% of the population. Foreign-born residents account for 7.1% of the population in Lancaster, TX, and this percentage has decreased by 7.8% 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 | 11.1% | -25.5% |
% Black | 60.5% | -5.5% |
% Hispanic | 25.8% | 50.9% |
% Asian | 1.4% | 250.0% |
% Foreign Born | 7.1% | -7.8% |
Mortgage and Risk — Lancaster, TX
According to HUD data as of 2023, there were 286 mortgage originations in Lancaster, TX, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, TX. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Lancaster, TX
As of 2024, the percent of homes in Lancaster, TX under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely 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 | 200 |
Total Units Section 8 | 200 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $530 | $1,120 | $1,650 |
| 2 Bedroom | $660 | $1,280 | $1,940 |
| 3 Bedroom | $430 | $2,000 | $2,430 |
| 4 Bedroom | $970 | $2,150 | $3,120 |
Affordability — Lancaster, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $280,000 |
| Median Household Income | $70,100 |