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Lancaster, KY Real Estate


According to census data in the year 2000 there were 1,795 housing units in Lancaster. This represents a 16.1% growth from 1,546 in 1990.

Of those housing units, 1,755 were located in either urbanized areas or urban clusters, and 40 were located in what is classified as a rural area.

Homeownership rate in Lancaster is about 53.9%. Lancaster's vacancy rate, including seasonal lodging, is about 9.5%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Lancaster were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom9%
Two Bedrooms40.10%
Three Bedrooms38.50%
Four Bedrooms8%
Five Bedrooms or more2.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1958
Median Value of occupied units$71,400
Median Price asked for vacant units$73,000

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1971
Median Monthly Rent asked for vacant units$312

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan2.90%
Simple Mortgage49.90%
Debt Free41.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%