Lancaster, OH Real Estate
According to census data in the year 2000 there were 15,853 housing units in Lancaster.
This represents a 7.4% growth from 14,754 in 1990.
Of those housing units, 15,698 were located in either urbanized areas or urban clusters, and 155 were located in what is classified as a rural area.
Homeownership rate in Lancaster is about 59.3%.
Lancaster's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Lancaster were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 12.70% |
| Two Bedrooms | 34.30% |
| Three Bedrooms | 40.80% |
| Four Bedrooms | 10% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $92,500 |
| Median Price asked for vacant units | $84,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $413 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 8.50% |
| Simple Mortgage | 48.40% |
| Debt Free | 35% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
