Lancaster, CA—93534
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lancaster, CA
As of Oct '25, the median home price in Lancaster, CA is $415,000, with a year-over-year change of -2.7%. This indicates that home prices in Lancaster, CA 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 | $415,000 | -2.7% |
| Single Family | $418,000 | -3.2% |
| Condos | $280,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $326,000 | -5.8% |
3 Bed | $408,000 | -3.5% |
4 Bed | $446,000 | -3.3% |
| 5 Bed | $532,000 | -3.8% |
% of Housing Stock
Rental Trends — Lancaster, CA
As of July '25, Rentcast reports the average rent in Lancaster, CA is $2,250, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Lancaster, CA is studios: $1,230, 1-bedrooms: $1,430, 2-bedrooms: $2,050, 3-bedrooms: $2,790, 4-bedrooms: $3,520. The most common rental property sizes in Lancaster, CA are 2-bedroom and 1-bedroom, accounting for 42.3% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,250 |
| Studio Rent | $1,350 | $1,230 |
| 1 Bed Rent | $1,420 | $1,430 |
| 2 Bed Rent | $2,000 | $2,050 |
| 3 Bed Rent | $2,700 | $2,790 |
| 4 Bed Rent | $3,000 | $3,520 |
% of Rental Stock
Property Listings — Lancaster, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Lancaster, CA is 74. This is a increase of 52.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | -2.0% |
Listing Count | 158 | 24.0% |
| Listings as % of Homes | 0.6% | 24.0% |
Days on Market | 74 | 52.0% |
Demographics — Lancaster, CA
As of the latest ACS Survey released in 2023, Lancaster, CA has a population of 42,300, which has increased by 8.2% over the past 5 years. Lancaster, CA is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 17.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,300 | 8.2% |
% Under 18 | 27.3% | 0.0% |
% Seniors | 14.6% | 13.2% |
% WFH | 10.8% | 248.4% |
% w/ College Degree | 17.5% | 25.9% |
As of the latest ACS Survey released in 2023, Lancaster, CA is a predominantly hispanic area, with 41.8% of the population identifying as hispanic. The hispanic population has grown by 8.3% in the last 5 years. The second most common race or ethnicity in Lancaster, CA is black, making up 27.4% of the population. Foreign-born residents account for 12.1% of the population in Lancaster, CA, and this percentage has increased by 18.6% 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 | 23.3% | -24.6% |
% Black | 27.4% | 12.8% |
% Hispanic | 41.8% | 8.3% |
% Asian | 3.8% | 11.8% |
% Foreign Born | 12.1% | 18.6% |
Mortgage and Risk — Lancaster, CA
According to HUD data as of 2023, there were 466 mortgage originations in Lancaster, CA, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, CA. Investor activity is low, as 3.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 466 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Lancaster, CA
As of 2024, the percent of homes in Lancaster, CA under the Section 8 program is 21.5%. 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, CA, 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 | 2,047 |
Total Units Section 8 | 2,047 |
% Rentals under Section 8 | 21.5% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,420 | $1,810 |
| 2 Bedroom | $290 | $2,000 | $2,290 |
| 3 Bedroom | $240 | $2,700 | $2,940 |
| 4 Bedroom | $240 | $3,000 | $3,240 |
Affordability — Lancaster, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $415,000 |
| Median Household Income | $58,900 |