Lancaster, MA 01523 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lancaster, MA—01523

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$558,000

0.5% YoY Growth

Household Income

$130,000

25.6% YoY Growth

Days on Market

33.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$1,900

0.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,900

20.1% YoY Growth

3-Bed Rent

$2,950

7.8% YoY Growth

Home Price Trends — Lancaster, MA

As of Dec '25, the median home price in Lancaster, MA is $558,000, with a year-over-year change of 0.5%. This indicates that home prices in Lancaster, MA are flat. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$558,000	0.5%
Single Family	$571,000	0.5%
Condos	$437,000	3.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lancaster, MA

As of July '25, Rentcast reports the average rent in Lancaster, MA is $2,410, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Lancaster, MA is 2-bedrooms: $2,230, 3-bedrooms: $2,950. The most common rental property sizes in Lancaster, MA are 3-bedroom and 2-bedroom, accounting for 41.8% and 26.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,410
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,900	$2,230
3 Bed Rent	$2,950	$2,950
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

22.5%

1 Bedroom

5.6%

2 Bedrooms

26.3%

3 Bedrooms

41.8%

4 Bedrooms

3.8%

Property Listings — Lancaster, MA

As of Dec '25, Realtor.com reports that the median days on market for a home in Lancaster, MA is 37. This is a increase of 37.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$554,000	-8.0%
Listing Count	10	8.0%
Listings as % of Homes	0.3%	8.0%
Days on Market	60	33.0%

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Demographics — Lancaster, MA

As of the latest ACS Survey released in 2023, Lancaster, MA has a population of 8,470, which has increased by 9.3% over the past 5 years. Lancaster, MA is a moderately popular place for families, as children make up 17.8% of the population. The area has a highly educated workforce, with 51.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,470	9.3%
% Under 18	17.8%	-13.6%
% Seniors	19.6%	23.3%
% WFH	31.8%	360.9%
% w/ College Degree	51.5%	33.1%

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As of the latest ACS Survey released in 2023, Lancaster, MA is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Lancaster, MA is hispanic, making up 9.8% of the population. Foreign-born residents account for 6.7% of the population in Lancaster, MA, and this percentage has decreased by 2.9% 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	82.0%	-3.1%
% Black	4.9%	-3.9%
% Hispanic	9.8%	16.7%
% Asian	0.2%	-60.0%
% Foreign Born	6.7%	-2.9%

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Mortgage and Risk — Lancaster, MA

According to HUD data as of 2023, there were 167 mortgage originations in Lancaster, MA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lancaster, MA. Investor activity is low, as 1.0% 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	167
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — Lancaster, MA

Lancaster, MA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	4
Total Units Section 8	4
% Rentals under Section 8	0.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$2,040
2 Bedroom	$770	$1,900	$2,670
3 Bedroom	$790	$2,950	$3,740
4 Bedroom	N/A	N/A	$4,290

Lancaster, MA—01523

Key Metrics at a Glance

Home Price Trends — Lancaster, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lancaster, MA

% of Rental Stock

Property Listings — Lancaster, MA

Demographics — Lancaster, MA

Race and Ethnicity

Mortgage and Risk — Lancaster, MA

Mortgages

Rentals and Section 8 — Lancaster, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lancaster, MA

Home Price to Income Ratio

Lancaster, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Clinton, MA

Devens, MA

Bolton, MA

Leominster, MA

Shirley, MA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$558,000
Median Household Income	$130,000

Lancaster, MA—01523

Key Metrics at a Glance

Home Price Trends — Lancaster, MA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lancaster, MA

% of Rental Stock

Property Listings — Lancaster, MA

Demographics — Lancaster, MA

Race and Ethnicity

Mortgage and Risk — Lancaster, MA

Mortgages

Rentals and Section 8 — Lancaster, MA

Section 8 Market Size

Section 8 Opportunity

Affordability — Lancaster, MA

Home Price to Income Ratio

Lancaster, MA — ZIP Code Boundary Map

Nearby ZIP Codes

Clinton, MA

Devens, MA

Bolton, MA

Leominster, MA

Shirley, MA

Frequently Asked Questions

What is the average home price in Lancaster, MA 01523?

How have home prices in Lancaster, MA 01523 changed over the past year?

What is the home price projection for Lancaster, MA 01523?

What are the demographics of Lancaster, MA 01523?

How long does it take homes to sell in Lancaster, MA 01523?

What is the average rent price in Lancaster, MA 01523?