Lancaster, OH housing market
Typical home value
$276K
▲ 2.8% 1 yr
Typical rent
$1,226/mo
▲ 4.1% 1 yr
Gross rent yield
5.3%
U.S. 6.3%
5-year home value change
+31%
U.S. +20%
Key takeaways
- 1The typical home in Lancaster is worth $276,067, up 2.8% over the past year and up 31% over five years.
- 2Typical rent is $1,226 a month (+4.1% YoY), a gross rent yield of 5.3% (below the Columbus, OH metro's 5.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,517/mo, $291 more than typical rent.
- 4Zillow forecasts the Columbus, OH metro's home values to change +2.1% over the next 12 months.
Market temperature (Columbus, OH metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 34/100, #375 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Lancaster compares
| Measure | Lancaster | Columbus, OH metro | United States |
|---|---|---|---|
| Typical home value | $276,067 | $326,910 | $366,157 |
| Home value, 1-yr change | +2.8% | +1.3% | +1.2% |
| Typical rent | $1,226 | $1,525 | $1,932 |
| Rent, 1-yr change | +4.1% | +2.9% | +2.7% |
| Gross rent yield | 5.3% | 5.6% | 6.3% |
| Price-to-rent ratio | 18.8 | 17.9 | 15.8 |
| Mortgage P&I, typical home | $1,517 | $1,797 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Lancaster rental, pre-filled.
Rent vs buy in Lancaster
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $276K home.
Landlord in Ohio? See Ohio deposit, late fee and notice rules.
Other cities in the Columbus, OH metro
Columbus, OH
$243K home$1,471 rent
▼ 1.1% 1 yr
Westerville, OH
$446K home$1,629 rent
▲ 1.5% 1 yr
Grove City, OH
$330K home$1,556 rent
▲ 1.3% 1 yr
Hilliard, OH
$381K home$1,573 rent
▲ 0.6% 1 yr
Dublin, OH
$559K home$1,732 rent
▲ 1.5% 1 yr
Newark, OH
$247K home$1,420 rent
▲ 3.4% 1 yr
Delaware, OH
$413K home$1,622 rent
▲ 0.6% 1 yr
Reynoldsburg, OH
$293K home$1,585 rent
▲ 0.6% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.