January's First-Time Homebuyer Report for Lancaster

Lancaster is a larger than average city in Texas with 36,361 residents. Its population is growing slightly faster than the rest of the state, at a 10-year growth rate of 41.9%. With an ownership ratio of 60.6%, most people in Lancaster are homeowners. Topping the list of best schools in the city is Vista Academy of Lancaster.

Culture

According to Foursquare, Walgreens, CVS/pharmacy, and Walmart Neighborhood Market are the most popular retail spots in Lancaster. You might also try Lancaster Recreation Center and Lancaster Town Square, a few popular places to experience the outdoors. And finally, McDonald's, Roma Italian Restaurant, and Jack in the Box are frequently visited spots to eat.

Price Range

Homes in Lancaster are worth a median of $66,400, similar to other parts of Texas. Additionally, the list prices of available homes is currently at an average of $139,810.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lancaster:

$209K   $125K   $275K  

Typical Dwelling

The typical dwelling in Lancaster is a three-bedroom detached home worth about $137,061. To purchase a similar home, a buyer with good credit and a $27,412 cash down payment could obtain a mortgage with a 3.95% interest rate and a $945 monthly payment. The property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out Lancaster homes for sale or reviewing Lancaster real estate trends.


Data reported through 1/12/2017

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Justin Henry Real Estate Advisors LLC
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Brawn Sterling Real Estate
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