Lancaster Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$113,800

  • 16.6% 1-year change
  • 8.5% 1-year forecast

The median home value in Lancaster is $113,800. Lancaster home values have gone up 16.6% over the past year and Zillow predicts they will rise 8.5% within the next year. The median rent price in Lancaster is $1,300, which is lower than the Dallas-Fort Worth Metro median of $1,550.

Foreclosures will be a factor impacting home values in the next several years. In Lancaster 7.8 homes are foreclosed (per 10,000). This is greater than the Dallas-Fort Worth Metro value of 3.1 and also greater than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lancaster is 11.8%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lancaster homeowners underwater on their mortgage is 15.7%, which is higher than Dallas-Fort Worth Metro at 6.9%.

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Relative ZHVI
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Lancaster Market Overview

Data through Jul 31, 2015
  • $113,800 ZHVI
  • 8.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $136,607 Median sale price
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Lancaster Market Health

Data through Jul 31, 2015
  • 2.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.7% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 11.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

8 Lancaster
3 Dallas-Fort Worth Metro
4 United States
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Nearby Cities

Name Median ZHVI
Ovilla $201,000
Oak Leaf $177,300
Red Oak $129,500
Name Median ZHVI
Desoto $125,700
Glenn Heights $114,800
Dallas $111,500
Name Median ZHVI
Duncanville $99,700
Ferris $87,600
Hutchins $62,900

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $64 Median sale price / sq ft
  • No data Listings with price cut
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Lancaster Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,262 Lancaster
    $1,480 Dallas-Fort Worth Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,300 Rent list price
  • $0.74 Rent list price / sq ft
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