Much like the surrounding areas, it's a lot less expensive compared to the rest of the nation. Compared to the city of Dallas however, it's a little less expensive.
Home prices
The median home price in Lancaster is $136,700. This is roughly $3,580 (2%) higher in comparison to its nearby areas.It is about $80,800 (37%) lower in comparison to the entire country, and compared to the city of Dallas it is roughly $51,400 (27%) lower.
Rents
Lancaster's median monthly rent is $1,074. This is about $49 (4%) lower in comparison to other places in this area.Compared to the rest of the country it is about $12 (1%) higher, and it is approximately $22 (2%) higher compared to the city of Dallas.
Nearby places
DeSoto
DeSoto is Lancaster's neighbor to the west. Its real estate prices are a little more expensive. DeSoto's median home price is $169,800, which works out to $33,100 (19%) higher than Lancaster. Rents there are somewhat more expensive. DeSoto's median rent is $1,179 a month, which works out to $105 (8%) higher than Lancaster.
Wilmer
Wilmer is Lancaster's neighbor to the east. The real estate prices there are a lot less expensive. The median home in Wilmer is valued at $56,800, which works out to $79,900 (140%) lower than Lancaster. Rent there is a bit less expensive. Wilmer's median monthly rent is $921, which comes out to $153 (16%) lower than Lancaster.
Hutchins
Hutchins is Lancaster's neighbor to the northeast. The real estate prices there are a lot less expensive. The median home in Hutchins is valued at $68,800, which works out to $67,900 (98%) lower than Lancaster. Rent there is somewhat less expensive. The median rent in Hutchins is $1,017 per month, which works out to $57 (5%) lower than Lancaster.
Glenn Heights
Glenn Heights is Lancaster's neighbor to the southwest. Its real estate prices are a bit more expensive. The cost of the median home in Glenn Heights is $162,600, which is $25,900 (15%) higher than Lancaster. Its rents are somewhat more expensive. The median monthly rent in Glenn Heights is $1,362, which works out to $288 (21%) higher than Lancaster.
Red Oak
Red Oak is Lancaster's neighbor to the south. The housing prices there are a lot more expensive. The cost of the median home in Red Oak is $207,600, which is $70,900 (34%) higher than Lancaster. The rent there is a little more expensive. Red Oak's median monthly rent is $1,136, which is $62 (5%) higher than Lancaster.
