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Lancaster

Learn about the people, housing, costs and businesses in Lancaster, Wisconsin

Median Home$207,400
Median Rent$806/month
Population3,922
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining34% public administration
Home Value Growth⬆⬆⬆+21.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners78% of occupied units
NotableAmenity Score79/100 · highly walkable area
NotableHigh Incomes$85k/year · top 30% nationally
Lancaster
WI

Frequently Asked Questions

What are today's mortgage rates in Lancaster?

As of today, the 30-year fixed mortgage rate for Lancaster is approximately 7.269% (7.319% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lancaster?

The median home value in Lancaster is $207k. The median monthly rent is $806. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lancaster?

Home values in Lancaster have increased 21.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lancaster?

Based on a typical all-in ownership cost of $850/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lancaster is $85k/year.

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What industries drive the economy in Lancaster?

The largest employment sectors in Lancaster are public administration (34%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.