Real Estate Market Update for Lancaster, OH
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 13% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 130-thousand dollars. The number of units sold decreased 18% year-over-year, and decreased 7% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lancaster, OH

Area Information for Lancaster, OH
  • Population: 41,336
  • Median Age: 39.23 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 2,179/sq mi
  • Population Change Since 2000: 15.14%
  • Closest Airport: Rickenbacker International
  • Closest College: Ohio University-lancaster Campus
  • Closest Jr. College: Daymar College - Lancaster
  • Median Household Income: $45,494
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $157,000
  • Closest Major Sports Team: Columbus Blue Jackets
  • Change Avg. Household Income Since 2000: 40.03%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lancaster, OH
Median Age: 39.23 Married: 34% Number of Households: 17,136 Households with Children: 4,480
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Lancaster, OH

      School Name Distance Type Grades School Rating
      Tallmadge Elementary School 0.3 mi Public K-5 1
      St Mary Elementary School 0.7 mi Catholic PRESCHOOL-8 0
      Mt Pleasant Elementary School 1.0 mi Public K-5 2
      Haugland Learning Center - Lancaster High School 1.1 mi Private K-12 0
      Lancaster High School 1.9 mi Public 9-12 3
      Fairfield Christian Academy 2.1 mi Private PRESCHOOL-12 0
      Medill Elementary School 2.4 mi Public K-5 2
      Early Childhood Center 1 - Old Tarhe 2.5 mi Public PRESCHOOL-PRESCHOOL 0
      St Bernadette Elementary School 2.8 mi Catholic PRESCHOOL-5 0
      Tarhe Trails Elementary 2.8 mi Public PRESCHOOL-5 3
      William V Fisher Catholic High School 2.9 mi Catholic 9-12 0
      Early Childhood Center 2 - Sanderson 3.0 mi Public PRESCHOOL-PRESCHOOL 0
      Thomas Ewing Junior High School 3.6 mi Public 6-8 2
      General Sherman Junior High School 3.7 mi Public 6-8 2
      Fairfield Union Rushville Middle School 8.0 mi Public 5-8 3
      Fairfield Union High School 8.2 mi Public 9-12 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Lancaster, OH
        Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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