Lancaster, KY—40444
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lancaster, KY
Lancaster, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $248,000 | 6.3% |
| Single Family | $248,000 | 5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 3.8% |
3 Bed | $257,000 | 7.1% |
4 Bed | $338,000 | 8.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lancaster, KY
As of July '25, Rentcast reports the average rent in Lancaster, KY is $1,400, with a year-over-year rent change of 40.7%. Per bedroom, the median rent as of July '25 in Lancaster, KY is 2-bedrooms: $842, 3-bedrooms: $1,600, 4-bedrooms: $2,700. The most common rental property sizes in Lancaster, KY are 2-bedroom and 3-bedroom, accounting for 44.5% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $800 | $842 |
| 3 Bed Rent | $1,200 | $1,600 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Lancaster, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Lancaster, KY is 54. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -1.0% |
Listing Count | 85 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 54 | 17.0% |
Demographics — Lancaster, KY
As of the latest ACS Survey released in 2023, Lancaster, KY has a population of 14,200, which has decreased by -1.4% over the past 5 years. Lancaster, KY is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,200 | -1.4% |
% Under 18 | 21.2% | -4.9% |
% Seniors | 18.5% | 2.8% |
% WFH | 11.1% | 82.0% |
% w/ College Degree | 19.3% | 10.9% |
As of the latest ACS Survey released in 2023, Lancaster, KY is a predominantly white area, with 90.7% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Lancaster, KY is hispanic, making up 3.3% of the population. Foreign-born residents account for 2.6% of the population in Lancaster, KY, and this percentage has increased by 136.4% 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 | 90.7% | -3.0% |
% Black | 2.6% | 100.0% |
% Hispanic | 3.3% | 22.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.6% | 136.4% |
Mortgage and Risk — Lancaster, KY
According to HUD data as of 2023, there were 310 mortgage originations in Lancaster, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, KY. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 310 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lancaster, KY
Lancaster, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 200 |
Total Units Section 8 | 138 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $810 |
| 2 Bedroom | $100 | $800 | $900 |
| 3 Bedroom | -$100 | $1,200 | $1,100 |
| 4 Bedroom | -$1,340 | $2,700 | $1,360 |
Affordability — Lancaster, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $248,000 |
| Median Household Income | $62,300 |