MyNeighborhood

Can you afford to live in Lancaster?

Median household income, home values and rent in Lancaster, OH — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Lancaster.

Median household income: $54,901 — +51.6% since 2015 (not adjusted for inflation)

Median gross rent: $999/mo — +35.9% since 2015

Median home value, 2015 to 2023

  • 2015: 115400
  • 2023: 180200

Median household income

  • Lancaster: 54901
  • Fairfield County: 87069
  • OH: 69680
  • U.S.: 78538

Median gross rent

  • Lancaster: 999
  • Fairfield County: 1114
  • OH: 988
  • U.S.: 1348

Share of income a typical renter spends on rent: 29.3% — U.S.: 30.2%

What it means

The typical household here earns $54,901 — far lower than the national figure of $78,538.

The typical renter here spends 29.3% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+51.6% versus +35.9%), before adjusting for inflation.

Sources

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