Lancaster, MN Real Estate
According to census data in the year 2000 there were 189 housing units in Lancaster.
This represents a 5% decline from 199 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 189 were located in what is classified as a rural area.
Homeownership rate in Lancaster is about 78.7%.
Lancaster's vacancy rate, including seasonal lodging, is about 20.6%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Lancaster were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 20.10% |
| Two Bedrooms | 38.60% |
| Three Bedrooms | 32.80% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $32,500 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 39.50% |
| Debt Free | 58% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 10.5% |
