Lancaster is located in Dallas, Texas, with an estimated municipal population of 39,228 residents. All of the best foreclosed homes for sale in Lancaster are located in the following zip code areas on Foreclosure.com: 75146 75134. The estimated population per square kilometer (.62 miles) in Lancaster is 455.
So, about how much do homes cost in Lancaster? The most recent median value of resident-owned homes in Lancaster is 133,878. An estimated 57.6 percent of households in Lancaster own their homes, with an average family size of 3.44. The median household income in Lancaster is 57,259, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lancaster, the median commute time of resident workers (in minutes) is 30.8. And last, but certainly not least, are you looking for homes to rent in Lancaster? If so, the average rent price paid by renters in Lancaster is 1,074, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lancaster, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Lancaster is 32.2, split between 46.3 percent male versus 53.7 female. The percentage of residents who report being married in Lancaster is 41.3, with an average family size of 3.44.
The percentage of residents who report their race in Lancaster is as follows:
| White | 23.1% |
| Black / African American | 70.3% |
| Asian | 0.7% |
| American Indian / Alaskan Native | 0.3% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.3% |
| Other | 3.3% |
Looking for family-friendly neighborhoods in and/or near Lancaster? Or maybe you are searching for 55+ active adult communities in and/or near Lancaster?
The percentage of residents who report their age in Lancaster is as follows:
| Under 10 | 17.8% |
| Aged 10-19 | 16.2% |
| 20s | 13.1% |
| 30s | 12.8% |
| 40s | 14.1% |
| 50s | 12.1% |
| 60s | 8.6% |
| 70s | 3.5% |
| 80+ | 1.8% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lancaster with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lancaster.
How do you know that living in -- or moving to -- Lancaster is right where you need to be? Perhaps you grew up in Lancaster or already live nearby; therefore, the decision to buy a home in Lancaster is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lancaster for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lancaster:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lancaster.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lancaster can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lancaster, meanwhile, can field multiple offers from more qualified buyers.
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