Lancaster, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lancaster, CA Housing Market Trends

With 157,601 people, 48,083 houses or apartments, and a median cost of homes of $332,608, Lancaster real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lancaster, accounting for 69.11% of the city's housing units. Other types of housing that are prevalent in Lancaster include large apartment complexes or high rise apartments ( 15.52%), mobile homes or trailers ( 7.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.91%).

The most prevalent building size and type in Lancaster are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.68% owning and 49.32% renting.

There is a lot of housing in Lancaster built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lancaster built between 1940-1969 ( 16.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.23%).

Lancaster Home Appreciation Rates

In the last 10 years, Lancaster has experienced some of the highest home appreciation rates of any community in the nation. Lancaster real estate appreciated 169.62% over the last ten years, which is an average annual home appreciation rate of 10.43%, putting Lancaster in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lancaster definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Lancaster that despite a nationwide downturn in the housing market, Lancaster real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lancaster appreciation rates continue to be some of the highest in America, at 9.29%, which is higher than appreciation rates in 86.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lancaster. Lancaster appreciation rates in the latest quarter were at 1.90%, which equates to an annual appreciation rate of 7.84%.

Relative to California, our data show that Lancaster's latest annual appreciation rate is higher than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lancaster differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lancaster - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lancaster real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$332,608

Lancaster, CA HOME PRICES

> $1,323,000
1.1%
1.1%
$992,001 - $1,323,000
0.8%
0.8%
$661,001 - $992,000
2.7%
2.7%
$529,001 - $661,000
5.5%
5.5%
$397,001 - $529,000
19.7%
19.7%
$264,001 - $397,000
37.6%
37.6%
$132,001 - $264,000
21.4%
21.4%
$66,001 - $132,000
3.6%
3.6%
$0 - $66,000
7.6%
7.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Low for CA

Value Relative To Nation

Number Of Homes And Apartments:
48,083

Lancaster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
164.69% 4.69%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,766 / per month

Homeownership Rate

Owners
50.7%
50.7%
Renters
49.3%
49.3%
Vacant
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.2%
16.2%
1970 - 1999
66.3%
66.3%
1940 - 1969
16.6%
16.6%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.1%
69.1%
Townhomes
1.5%
1.5%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
15.5%
15.5%
Mobile Homes
7.8%
7.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
6.2%
6.2%
2 Bedrooms
19.7%
19.7%
3 Bedrooms
39.6%
39.6%
4 Bedrooms
25.7%
25.7%
5 or more bedrooms
6.8%
6.8%
0.0% 100.0%
% OF HOMES