The housing market in 93535 Lancaster, CA is currently valued at $399,400; significantly higher than the US House Median Value of $338,100. While the US house appreciation rate has been 8.27%, Lancaster's appreciation rate has been much lower at 3.84%. This lower appreciation rate could be due to a slower pace of growth in the area or cap on increasing prices due to local restrictions. Nevertheless, Lancaster remains a desirable location for home buyers looking for a more affordable option and offers great value compared to other areas in California.
The median home cost in Lancaster (zip 93535) is $399,400. Home appreciation the last 10 years has been 182.0%. Home Appreciation in Lancaster (zip 93535) is up 11.6%.
Average Age of Homes
- The median age of Lancaster (zip 93535) real estate is 33 years old
The Rental Market in Lancaster (zip 93535)
- Renters make up 33.6% of the Lancaster (zip 93535) population
- 1.8% of houses and apartments in Lancaster (zip 93535), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.