Lancaster, NY Real Estate
According to census data in the year 2000 there were 4,908 housing units in Lancaster.
This represents a 0.5% growth from 4,885 in 1990.
Of those housing units, 4,908 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lancaster is about 69.1%.
Lancaster's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Lancaster were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.50% |
| Two Bedrooms | 25% |
| Three Bedrooms | 50.70% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $86,300 |
| Median Price asked for vacant units | $14,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $397 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 15.10% |
| Simple Mortgage | 43.40% |
| Debt Free | 37.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
