Home prices
The price of the median home in Lancaster is $91,700. Compared to nearby areas it is approximately $15,740 (14%) lower.It is about $125,800 (57%) lower compared to the rest of the country, and in comparison to the city of Lexington-Fayette it is roughly $98,100 (51%) lower.
Rents
In Lancaster the median monthly rent is $685. It is about $55 (8%) higher compared to other places in this area.In comparison to the nation as a whole it is about $377 (35%) lower, and in comparison to the city of Lexington-Fayette it is about $211 (23%) lower.
Nearby places
Stanford
Stanford is about 6 miles southwest of Lancaster. Housing prices there are somewhat more expensive. The median home in Stanford costs $109,900, which comes out to $18,200 (16%) higher than Lancaster. Rent there is somewhat less expensive. The median monthly rent in Stanford is $616, which works out to $69 (11%) lower than Lancaster.
Danville
Danville is approximately 9 miles west from Lancaster. Housing prices there are substantially more expensive. Danville's median home price is $148,700, which works out to $57,000 (38%) higher than Lancaster. Rent there is similar. In Danville the median monthly rent is $719, which works out to $34 (4%) higher than Lancaster.
Junction City
Junction City is approximately 10 miles west of Lancaster. Its real estate prices are a bit less expensive. The median home in Junction City costs $85,000, which comes out to $6,700 (7%) lower than Lancaster. Rent there is a bit more expensive. In Junction City the median rent is $735 a month, which comes out to $50 (6%) higher than Lancaster.
Crab Orchard
Crab Orchard is roughly 11 miles south from Lancaster. Real estate prices there are somewhat less expensive. The median home in Crab Orchard is valued at $71,700, which is $20,000 (27%) lower than Lancaster. Its rents are significantly less expensive. The median monthly rent in Crab Orchard is $398, which is $287 (72%) lower than Lancaster.
Burgin
Burgin is about 13 miles northwest of Lancaster. Housing prices there are a little more expensive. The median home cost in Burgin is $121,900, which comes out to $30,200 (24%) higher than Lancaster. Its rents are similar. The median rent in Burgin is $681 per month, which is very similar to Lancaster.
