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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 Type1.20%
One Bedroom10.50%
Two Bedrooms25%
Three Bedrooms50.70%
Four Bedrooms11.50%
Five Bedrooms or more1.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1953
Median Value of occupied units$86,300
Median Price asked for vacant units$14,300

Rented Homes, Apartments and Condos

Average Household Size1.98
Median year structure was built1953
Median Monthly Rent asked for vacant units$397

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage3.50%
Home Equity Loan15.10%
Simple Mortgage43.40%
Debt Free37.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%