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Lancaster real estate market overview
- Average Monthly Rent: $1,780
- Home Price/Value Percentage Change: -1.80%
- Median Home Value: $436,702
- Best Time To Sell a Home: November
- Affordability Index: Moderate
- Days To Sell a House: 72
- Job Market: Weak
- Public School Ranking: 40
Location and weather
Lancaster is located in Los Angeles county, California. It is the 30th largest city in the United States, and the 9th fastest growing city in the United States. Lancaster is located 70 miles north of Los Angeles, in the Southern California Antelope Valley. The city's surroundings are made up of the San Gabriel Mountain Range and the San Joaquin Valley. Lancaster provides residents with a laid back lifestyle, and offers many parks, trails, scenic views, and different areas for sight-seeing. Some of the most popular places to enjoy the desert-like environment here are the Antelope Valley California Poppy Reserve, Civic Musical Road, the Prime Desert Woodland Reserve, and the Antelope Valley Indian Museum State Historic Park.
If you're a sports fan, you'll be pleased to know there's also a strong sports culture here. These events often take place at the Rose Bowl Stadium, The Hangar, or the Lancaster Jethawks stadium. Whether you're just visiting Lancaster or house hunting in the area, make sure to stop by The BLVD. In this part of Antelope valley, residents enjoy shopping, viewing art, dining, live music, and other entertainment.
The average weather in Lancaster consists of hot, arid summers and cold, cloudy winters. Summer temperatures reach highs in the 90's and lows in the 60's, while winters have highs in the 60's and lows in the mid 30's.
Population, job market and cost of living
The population in this city is 178,580, and has a current growth rate of 0.95% annually.
The job growth here has decreased by -12.21% over the last year and in ten years, is predicted to have increased by 30.25%. Dominating industries in this city include aerospace and aviation, agriculture, airports, distribution, film and television production, natural resources and manufacturing. The biggest companies in Lancaster are Antelope Valley Union High School District, Antelope Valley Hospital, Antelope Valley Partners for Health, Lancaster School District and Desert Haven Enterprises Inc.
The cost of living here is above the national average, making it a more expensive place to live. If you're a fan of breath-taking views, unique shopping experiences, music, or sports, check out some homes in Lancaster. It might just be the perfect place for you.
Lancaster real estate market details
- Brentwood Estates
- Independence
- Challenger
- Joshua
- Lincoln
The average monthly rent in Lancaster is $1,780 for an average apartment size of 835 sq. feet.
There has been an -1.8% decrease in median home value over the last year. As of 2023, the median home value is $436,702.
On average, homes in Lancaster sell after 72 days on the market.
The best time to sell a home for the highest valued sale is during November. For the quickest sale, homeowners should sell in October.
The affordability index in Lancaster is 115. This number indicates moderate affordability in this city.
The top ranked public schools are Mission View Public, Vista Real Charter High School, Desert Sands Charter, Life Source International Charter and Antelope Valley Learning Academy. This information is based on data measuring academic performance and equity.