Lancaster, SC Real Estate
According to census data in the year 2000 there were 3,827 housing units in Lancaster.
This represents a 3.3% growth from 3,703 in 1990.
Of those housing units, 3,822 were located in either urbanized areas or urban clusters, and 5 were located in what is classified as a rural area.
Homeownership rate in Lancaster is about 51%.
Lancaster's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Lancaster were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 11.40% |
| Two Bedrooms | 37.90% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 7.40% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $77,800 |
| Median Price asked for vacant units | $22,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $279 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.60% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 41.30% |
| Debt Free | 43.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
