Lancaster, CA—93536
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 $531,000, with a year-over-year change of -1.9%. This indicates that home prices in Lancaster, CA 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 | $531,000 | -1.9% |
| Single Family | $534,000 | -2.2% |
| Condos | $312,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $317,000 | -2.2% |
2 Bed | $354,000 | -2.5% |
3 Bed | $483,000 | -2.4% |
4 Bed | $554,000 | -2.3% |
| 5 Bed | $617,000 | -2.8% |
% of Housing Stock
Rental Trends — Lancaster, CA
As of July '25, Rentcast reports the average rent in Lancaster, CA is $2,940, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Lancaster, CA is 1-bedrooms: $1,730, 2-bedrooms: $2,090, 3-bedrooms: $2,850, 4-bedrooms: $3,370. The most common rental property sizes in Lancaster, CA are 3-bedroom and 2-bedroom, accounting for 34.4% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $1,730 |
| 2 Bed Rent | $2,000 | $2,090 |
| 3 Bed Rent | $2,800 | $2,850 |
| 4 Bed Rent | $3,300 | $3,370 |
% 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 55. This is a increase of 17.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $564,000 | -3.0% |
Listing Count | 389 | 13.0% |
| Listings as % of Homes | 1.1% | 13.0% |
Days on Market | 55 | 17.0% |
Demographics — Lancaster, CA
As of the latest ACS Survey released in 2023, Lancaster, CA has a population of 72,000, which has remained stable by -0.5% over the past 5 years. Lancaster, CA is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 72,000 | -0.5% |
% Under 18 | 23.4% | -8.6% |
% Seniors | 13.5% | 21.6% |
% WFH | 9.3% | 144.7% |
% w/ College Degree | 26.5% | 18.8% |
As of the latest ACS Survey released in 2023, Lancaster, CA is a predominantly white area, with 39.5% of the population identifying as white. The white population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in Lancaster, CA is hispanic, making up 37.4% of the population. Foreign-born residents account for 14.3% of the population in Lancaster, CA, and this percentage has increased by 31.2% 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 | 39.5% | -10.4% |
% Black | 13.2% | -19.0% |
% Hispanic | 37.4% | 23.8% |
% Asian | 4.9% | -9.3% |
% Foreign Born | 14.3% | 31.2% |
Mortgage and Risk — Lancaster, CA
According to HUD data as of 2023, there were 1387 mortgage originations in Lancaster, CA, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, CA. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,387 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Lancaster, CA
As of 2024, the percent of homes in Lancaster, CA under the Section 8 program is 14.8%. 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. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Lancaster, CA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,256 |
Total Units Section 8 | 1,143 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $2,100 | $1,810 |
| 2 Bedroom | $290 | $2,000 | $2,290 |
| 3 Bedroom | $140 | $2,800 | $2,940 |
| 4 Bedroom | -$60 | $3,300 | $3,240 |
Affordability — Lancaster, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $531,000 |
| Median Household Income | $103,000 |