Multi-family homes for sale in Lancaster, KY

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Lancaster, KY Real Estate Market Overview

In April 2025 in Lancaster, KY there were 11.7% more homes for sale than in March 2025. While the average time on the market in April 2025 was 24 days, the median list price was $260,000. In April 2025 more than 2 listings in Lancaster, KY were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 10 were sold below.
From Rocket Homes Real Estate and based on county public records data

What is it like to live in Lancaster, KY

Lancaster is located in Garrard County, Kentucky. There are roughly 315 residents, living in 128 households. The average temperature for Lancaster this time of the year is low of 53F and high of 76F. On average, Lancaster gets about 5.02 inches of precipitation in May. Most residents are home owners (69%), have a high school diploma (66%) and are single, no kids (42%).

Data provided by Home Junction

Schools near Lancaster, KY

Elementary Schools

  • Lancaster Elementary School

    205 Lexington St

    Public District PK-5

Middle Schools

  • Garrard Middle School

    304 W Maple Ave

    Public District 6-8

High Schools

  • Garrard County High School

    599 Industry Rd

    Public District 9-12

Data provided by Great Schools

Housing market reports in Garrard County

Top real estate cities in Kentucky

MLS Disclaimers & Copyright

1The following offers are available only to clients who are purchasing a home and financing with Rocket Mortgage: (1) Client purchasing with a Rocket Homes Partner Agent through Rocket Homes will receive a lender paid credit that is 1.25% of their loan amount. For example, a $200,000 home purchase price minus a 5% down payment of $10,000 results in a loan amount of $190,000. Client would receive a credit of 1.25% of the $190,000, for a credit of $2,375 toward closing costs. (2) Client is referred by a real estate agent to buy a new home will receive a lender paid credit that is 0.50% of their loan amount. Offer does not apply to new loans submitted through an Executive Loan Officer, mortgage broker, through Schwab, or on nonagency jumbo loans, non-QM loans, bank statement loans, second lien products or team member loans. Offer may not be redeemed for cash and is nontransferable. Offer cannot be retroactively applied to loans where the rate has been locked. Conditions and exclusions apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.

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*Based on Rocket Mortgage data in comparison to public data records.

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