Surrounding submarket Area
Lancaster, New York is a part of the South Submarket submarket area, and contains zip code 14086.
Lancaster Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Lancaster, NY submarket area was $968, which is 25.71% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Lancaster, NY was 3.30%.
The total population of the city of Lancaster, NY has grown 4.00% since 2010. As of 2018, the population was 43,270. The median household income of the Lancaster was $69,985, which is 16.07% higher than the national average.
- submarket area South Submarket
- avg rent $968
- rent growth 25.71%
- vacancy 3.30%
- median income $69,985
- population (2018) 43,270
- population growth 4.00%
- vs. nat'l avg 16.07%
- zip code 14086