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Lancaster, OH

Full City Profile · Ohio · Fairfield County County

3.1 /5.0
B Good
40,902 Population 2,148/sq mi density
$54,901 Median Income $31,393 per capita
$180,200 Home Value $269,224 Zillow
$999 Median Rent 29.3% income on rent
53°F Avg Temperature 293 sunny days/yr
271 Violent Crime/100K 3,791 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$54,901 median income, 3.0% unemployment
A+
Affordability
4.8 / 5.0
$180,200 home value, $999/mo rent
F
Safety
1.0 / 5.0
271 violent crimes/100K
C+
Education
2.7 / 5.0
21.3% bachelor's degree or higher

Housing Overview

Median Home Value
$180,200
36% below
US avg: $281,900
Median Rent
$999/mo
14% below
US avg: $1,163/mo
Homeownership Rate
56.9%
13% below US avg (65.4%)
Total Housing Units
18,422
Median year built: 1962

Home Value by Source

Census Median
$180,200
Zillow (ZHVI)
$269,224
Median Sale Price
$205,000
Median List Price
$229,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

56.9%
Owner-Occupied
43.1%
Renter-Occupied
57%
43%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $999/mo · Zillow rent: $1,315/mo

Market Indicators (Redfin)

Median Days on Market
44 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
38
Price Drops
36.5%
of listings with price reduction
Price Per Sq Ft
$160
Active Inventory
85
homes for sale

Affordability & Housing Stock

Rent Burden
29.3%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
56.9%

Complete Housing Data

Home Values

Census Median Value$180,200
Zillow Home Value (ZHVI)$269,224
Median Sale Price$205,000
Median List Price$229,900
Price Per Sq Ft$160

Rent

Census Median Rent$999
Zillow Rent (ZORI)$1,315
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market44
Sale-to-List Ratio1.0%
Price Drops36.5%
Homes Sold38
Active Inventory85
Price Per Sq Ft$160

Ownership & Stock

Owner-Occupied56.9%
Renter-Occupied43.1%
Homeownership Rate56.9%
Total Housing Units18,422
Median Year Built1962
Rent Burden29.3%