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Real Estate Prices & Overview

Lancaster East median real estate price is $274,177, which is more expensive than 65.2% of the neighborhoods in Ohio and 37.5% of the neighborhoods in the U.S.

The average rental price in Lancaster East is currently $605, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 99.7% of Ohio neighborhoods.

Lancaster East is a rural neighborhood (based on population density) located in Lancaster, Ohio.

Lancaster East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lancaster East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Lancaster East are 3.2%, which is lower than one will find in 78.9% of American neighborhoods. Demand for real estate in Lancaster East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Lancaster, the Lancaster East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Lancaster East neighborhood has a highly unusual pattern of car ownership. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 36.3% of the households here have four, five, or more cars. That is more cars per household than in 96.7% of the neighborhoods in the nation.

People

If you are planning to retire in Ohio, this neighborhood should be on your must-see list. For many reasons, Lancaster East may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Ohio, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 95.7% of neighborhoods in OH. If a Ohio retirement is in your future, this neighborhood should be one of the places you visit.

Diversity

Did you know that the Lancaster East neighborhood has more Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Swiss ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Lancaster East neighborhood in Lancaster are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.1% of U.S. neighborhoods. With 40.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 89.4% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Lancaster East neighborhood, 41.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.1% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (24.7%), and 6.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lancaster East neighborhood is English, spoken by 97.0% of households.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Lancaster East neighborhood in Lancaster, OH, residents most commonly identify their ethnicity or ancestry as German (30.7%). There are also a number of people of English ancestry (16.8%), and residents who report Irish roots (8.4%), and some of the residents are also of Italian ancestry (4.6%), along with some Dutch ancestry residents (2.2%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lancaster East neighborhood spend under 15 minutes commuting one-way to work (57.0% of working residents), one of the shortest commutes across America.

Here most residents (78.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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