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ZipNumbers

Minnesota · Census place 35378

Lancaster city, MN

Quick answer

Lancaster city has 344 residents, ranking #583 of 914 places in Minnesota. Median household income is $65,313, the median home is worth $118,200 and median gross rent runs $680 a month.

Population
344Lancaster city residents
Median household income
$65,313Past 12 months, inflation adjusted
Median home value
$118,200Owner-occupied units
Median gross rent
$680Rent plus utilities, monthly
Median age
47 yrsAll residents
Homeownership rate
77.1%Owner-occupied households

What the numbers mean in Lancaster city

Housing cost measured against local earnings.

A household earning the Lancaster city median would spend about 12.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 2.3% of residents and 77.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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