Lancaster, CA—93535
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 $429,000, with a year-over-year change of -2.3%. This indicates that home prices in Lancaster, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $429,000 | -2.3% |
| Single Family | $431,000 | -2.7% |
| Condos | $234,000 | -7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $185,000 | -12.7% |
2 Bed | $298,000 | -5.4% |
3 Bed | $415,000 | -2.8% |
4 Bed | $457,000 | -2.6% |
| 5 Bed | $519,000 | -2.6% |
% of Housing Stock
Rental Trends — Lancaster, CA
As of July '25, Rentcast reports the average rent in Lancaster, CA is $2,810, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Lancaster, CA is studios: $1,500, 1-bedrooms: $1,500, 2-bedrooms: $2,010, 3-bedrooms: $2,780, 4-bedrooms: $3,120. The most common rental property sizes in Lancaster, CA are 3-bedroom and 2-bedroom, accounting for 40.0% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,810 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,900 | $2,010 |
| 3 Bed Rent | $2,650 | $2,780 |
| 4 Bed Rent | $3,000 | $3,120 |
% 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 61. This is a increase of 47.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $442,000 | -1.0% |
Listing Count | 327 | 38.0% |
| Listings as % of Homes | 1.0% | 38.0% |
Days on Market | 61 | 47.0% |
Demographics — Lancaster, CA
As of the latest ACS Survey released in 2023, Lancaster, CA has a population of 80,500, which has increased by 10.3% over the past 5 years. Lancaster, CA is a popular place for families, as children make up 30.2% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 80,500 | 10.3% |
% Under 18 | 30.2% | -1.6% |
% Seniors | 10.9% | 21.1% |
% WFH | 9.0% | 100.0% |
% w/ College Degree | 14.2% | 39.2% |
As of the latest ACS Survey released in 2023, Lancaster, CA is a predominantly hispanic area, with 54.8% of the population identifying as hispanic. The hispanic population has grown by 14.6% in the last 5 years. The second most common race or ethnicity in Lancaster, CA is black, making up 21.1% of the population. Foreign-born residents account for 13.4% of the population in Lancaster, CA, and this percentage has increased by 35.4% 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 | 17.4% | -33.3% |
% Black | 21.1% | 1.9% |
% Hispanic | 54.8% | 14.6% |
% Asian | 2.6% | -21.2% |
% Foreign Born | 13.4% | 35.4% |
Mortgage and Risk — Lancaster, CA
According to HUD data as of 2023, there were 1056 mortgage originations in Lancaster, CA, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Lancaster, CA. Investor activity is low, as 4.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,056 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Lancaster, CA
As of 2024, the percent of homes in Lancaster, CA under the Section 8 program is 28.5%. 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 | 2,327 |
Total Units Section 8 | 2,327 |
% Rentals under Section 8 | 28.5% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,500 | $1,810 |
| 2 Bedroom | $390 | $1,900 | $2,290 |
| 3 Bedroom | $290 | $2,650 | $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 | 6.3 |
| Median Home Price | $429,000 |
| Median Household Income | $66,000 |