Lancaster, KY Real Estate
According to census data in the year 2000 there were 1,795 housing units in Lancaster.
This represents a 16.1% growth from 1,546 in 1990.
Of those housing units, 1,755 were located in either urbanized areas or urban clusters, and 40 were located in what is classified as a rural area.
Homeownership rate in Lancaster is about 53.9%.
Lancaster's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Lancaster were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 9% |
| Two Bedrooms | 40.10% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $71,400 |
| Median Price asked for vacant units | $73,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $312 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 49.90% |
| Debt Free | 41.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
