Lancaster, KY Homes under $200,000

/13
$145,000
- Land
- 8 Acres
- $18,057 per Acre
10 Pleasant View Dr, Lancaster, KY 40444

Rare opportunity to own 8 acres of wooded land in town, offering both privacy and convenience. This beautiful building lot features city water and sewer, making it ideal for development. Whether you're looking to build a private estate or explore multi-family investment opportunities, this property offers tremendous potential. Quiet and secluded, yet close to all amenities and just a stone's

Kim Anderson RM McGinnis, LLC Real Est & Auction Professionals

10 Pleasant View Dr, Lancaster, KY 40444
/28
$199,900
- 3 Beds
- 1 Bath
- 1,404 Sq Ft
4492 U S 27, Lancaster, KY 40444

BACK ON MARKET!Newly renovated ranch! Featuring 3 bedrooms, 1 fully updated bathroom, fully updated eat-in kitchen, separate laundry room with new water heater, living room and family room/den. Includes attached carport and detached garage. House and garage have new metal roof and new gutter system. New lighting throughout, new flooring in kitchen, laundry, and bathroom, new windows and

Brandi Hardwick Danny Ayres Realty & Auction

4492 U S 27, Lancaster, KY 40444
/14
$199,000
- 4 Beds
- 2 Baths
- 3,146 Sq Ft
202 W Maple Ave, Lancaster, KY 40444

This 1869-built 4-bedroom, 2-bath home is ready for a new vision. Offering over a century of history but minimal original character, this property is a blank slate for renovations and updates. Generous square footage, a solid layout, and tons of potential make it ideal for investors or buyers ready to roll up their sleeves. Bring your imagination and restore this home to its full potential!

Danny Ayers Danny Ayres Realty & Auction

202 W Maple Ave, Lancaster, KY 40444
/14
$184,000
- 3 Beds
- 2 Baths
- 1,456 Sq Ft
123 Hill-N-dale Dr, Lancaster, KY 40444

This 3-bed, 2-bath home with hardwood floors is ready for your personal touch. With some updates and TLC, you can make this home yours. In the living room there is a masonry fireplace already connected to natural gas and an open concept kitchen and dining room. Priced to sell - ideal for a first-time buyer or someone wanting investment property. Centrally located between Danville, Richmond,

Danny Ayers Danny Ayres Realty & Auction

123 Hill-N-dale Dr, Lancaster, KY 40444
/19
$139,900
- Land
- 1.01 Acres
- $138,515 per Acre
428 Hunter Dr, Lancaster, KY 40444

Spectacular 1-Acre Lakeview Building Lot on Herrington Lake. Discover the perfect place to build your dream home with this exceptional 1-acre lot overlooking the pristine waters of Herrington Lake. Privately situated and surrounded by the spacious Peninsula Golf Course and Resort, this elevated homesite offers sweeping views and a front-row seat to the beauty of lake life. Enjoy exclusive access

M Cindy Miller RE Solutions Bluegrass

428 Hunter Dr, Lancaster, KY 40444
/9
$160,000
- Land
- 2.00 Acres
- $80,000 per Acre
576 Overlook Dr, Lancaster, KY 40444

Imagine waking up every morning to breathtaking, panoramic views of the shimmering Lake Herrington from your own private 2-acre paradise. This isn't just a lot; it's an invitation to create the dream home you've always envisioned, perfectly positioned to capture the natural beauty surrounding you. But the magic doesn't stop at the lake views - nestled discreetly in the heart of the property lies

Deborah Kruse Lake Homes Realty

576 Overlook Dr, Lancaster, KY 40444
/33
$199,900
- 3 Beds
- 2 Baths
- 1,658 Sq Ft
309 W Maple Ave, Lancaster, KY 40444

Step into timeless charm with this classic 3-bedroom, 2-bath home in the heart of Lancaster! Built in 1920, this 1,658 sq ft residence blends vintage character with everyday comfort. Original hardwood floors add warmth and style, while the non-working fireplace serves as a charming focal point. Enjoy year-round relaxation in the enclosed patio — perfect as a sunroom, hobby space, or cozy retreat.

Danny Ayers Danny Ayres Realty & Auction

309 W Maple Ave, Lancaster, KY 40444
/21
$190,000
- Land
- 2.01 Acres
- $94,527 per Acre
1560 Hunter Dr, Lancaster, KY 40444

**LAKE FRONT PROPERTY ALERT!** Discover your slice of paradise with these two stunning 1-acre lots (45 & 46) on the serene North Garrard side of Herrington Lake. This is more than just a location—it's your chance to create the perfect dream home, where you can savor amazing lake views, enjoy the beauty of local wildlife, and watch boats and fishermen go by as the sun sets in vibrant colors. As a

Darren Gossage Weichert Realtors Ford Brothers, Inc.

1560 Hunter Dr, Lancaster, KY 40444
/15
$129,900
- Land
- 1.00 Acre
- $129,900 per Acre
Lot 9 Hunter Dr, Lancaster, KY 40444

New price on this lakefront lot ....Herrington Lake Lifestyle Living at beautiful Woodlawn Estates - One acre lakefront building lot available for your builder and house plans - Peninsula Golf Resort/Pete Dye course for the golfers and Herrington Lake for your boats and fishing - conveniently located to Danville - approx 20 mins - home of Centre College - Lexington - approx 50 mins to UK

Michelle (Micki) Phillips Crossroads Real Estate, LLC

Lot 9 Hunter Dr, Lancaster, KY 40444
/23
$189,900
- 3 Beds
- 2 Baths
- 1,680 Sq Ft
125 Sunrise Dr, Lancaster, KY 40444

According to the FEMA flood map, this home and property are located in Zone X—an area of minimal flood hazard. Some online sources may incorrectly indicate flood risk, but FEMA does not classify this property as being in a flood plain.Welcome to your next chapter!This stunning 2022 manufactured home offers the perfect blend of modern convenience and countryside charm. With 3 spacious

Jody Moore Rector Hayden Realtors

125 Sunrise Dr, Lancaster, KY 40444
/12
$125,000
- Land
- 1.10 Acres
- $113,636 per Acre
1 S Homestead Ln, Lancaster, KY 40444

Walk-Out Basement Lake Lot overlooking Herrington Marina! Jump on a golf cart and be on the lake in minutes! Limited restrictions attached to listing docs. Within 30 mins of Lexington. Drain on the front of the property can be easily diverted during construction of your new home. (lot 55 on plat)

Vanessa Vale Womack LPT Realty

1 S Homestead Ln, Lancaster, KY 40444
/2
$104,900
- Land
- 3.64 Acres
- $28,819 per Acre
9 Poor House Rd, Lancaster, KY 40444

This 3.64 acre lot is located out in the country. With only a short distance to Richmond and minutes to Lancaster. Quiet and safe location!

Danny Ayers Danny Ayres Realty & Auction

9 Poor House Rd, Lancaster, KY 40444
/2
$102,500
- Land
- 3.56 Acres
- $28,792 per Acre
7 Poor House Rd, Lancaster, KY 40444

This 3.56 acre lot is located out in the country. With only a short distance to Richmond and minutes to Lancaster. Quiet and safe location!

Danny Ayers Danny Ayres Realty & Auction

7 Poor House Rd, Lancaster, KY 40444
/2
$114,500
- Land
- 4.30 Acres
- $26,628 per Acre
6 Poor House Rd, Lancaster, KY 40444

This 4.3 acre lot is located out in the country. With only a short distance to Richmond and minutes to Lancaster. Quiet and safe location!

Danny Ayers Danny Ayres Realty & Auction

6 Poor House Rd, Lancaster, KY 40444
/2
$104,900
- Land
- 3.66 Acres
- $28,661 per Acre
5 Poor House Rd, Lancaster, KY 40444

This 3.66 acre lot is located out in the country. With only a short distance to Richmond and minutes to Lancaster. Quiet and safe location!

Danny Ayers Danny Ayres Realty & Auction

5 Poor House Rd, Lancaster, KY 40444
/2
$139,900
- Land
- 6 Acres
- $23,278 per Acre
2 Perry Rodgers Rd, Lancaster, KY 40444

This 6.01 acre lot is located out in the country. This tract has a pond. With only a short distance to Richmond and minutes to Lancaster. Quiet and safe location!

Danny Ayers Danny Ayres Realty & Auction

2 Perry Rodgers Rd, Lancaster, KY 40444
/2
$129,900
- Land
- 5 Acres
- $24,981 per Acre
1 Perry Rogers Rd, Lancaster, KY 40444

This 5.2 acre lot is located out in the country. With only a short distance to Richmond and minutes to Lancaster. Quiet and safe location!

Danny Ayers Danny Ayres Realty & Auction

1 Perry Rogers Rd, Lancaster, KY 40444
/2
$159,900
- Land
- 10 Acres
- $15,990 per Acre
1 Tuggle Rd, Lancaster, KY 40444

Lot 2 of 32 acres. This lot consist of 10 acres more or less with 2 ponds, a barn, silo, and a concrete feed trough. Beautiful building lot. Full 32 acres available.

Frances Montgomery Danny Ayres Realty & Auction

1 Tuggle Rd, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
sect 5 S Hunter Dr, Lancaster, KY 40444

Nice cleared golf course building lot in upscale Lake Herrington and golf course community. Approximately 30 min south of Lexington. Amenities include private marina for residence.

Audrey Good Lake Side Realty Group

sect 5 S Hunter Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
sect 5 S Hunter Dr, Lancaster, KY 40444

Nice golf course building lot in upscale Lake Herrington and golf course community. Approximately 30 min south of Lexington. Amenities include private marina for residence.

Audrey Good Lake Side Realty Group

sect 5 S Hunter Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
sect 5 S Hunter Dr, Lancaster, KY 40444

Nice golf course building lot in upscale Lake Herrington and golf course community. Approximately 30 min south of Lexington. Amenities include private marina for residence.

Audrey Good Lake Side Realty Group

sect 5 S Hunter Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
sect 5 S Hunter Dr, Lancaster, KY 40444

Nice golf course building lot in upscale Lake Herrington and golf course community. Approximately 30 min south of Lexington. Amenities include private marina for residence.

Audrey Good Lake Side Realty Group

sect 5 S Hunter Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
sect 5 S Hunter Dr, Lancaster, KY 40444

Nice wooded golf course building lot in upscale Lake Herrington and golf course community. Approximately 30 min south of Lexington. Amenities include private marina for residence.

Audrey Good Lake Side Realty Group

sect 5 S Hunter Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
sect 5 S Hunter Dr, Lancaster, KY 40444

Nice golf course building lot in upscale Lake Herrington and golf course community. Approximately 30 min south of Lexington. Amenities include private marina for residence.

Audrey Good Lake Side Realty Group

sect 5 S Hunter Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
lot 17 Sect 3 Donmar Dr, Lancaster, KY 40444

Nice lot with golf course view in upscale Lake Herrington and golf course community. Approx 30 min south of lexington. Amenities include private marina for residence

Audrey Good Lake Side Realty Group

lot 17 Sect 3 Donmar Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
lot 20 Sect 3 Donmar Dr, Lancaster, KY 40444

Nice corner lot, cgolf course view building lot in upscale Lake Herrington and golf course community. Close to #11 green. Approx 30 min south of lexington. Amenities include private marina for residence

Audrey Good Lake Side Realty Group

lot 20 Sect 3 Donmar Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
lot 19 Sect 3 Donmar Dr, Lancaster, KY 40444

Nice corner lot, golf course view building lot in upscale Lake Herrington and golf course community. Approx 30 min south of lexington. Amenities include private marina for residence

Audrey Good Lake Side Realty Group

lot 19 Sect 3 Donmar Dr, Lancaster, KY 40444
/2
$100,000
- Land
- 1.00 Acre
- $100,000 per Acre
lot 18 Sect 3 Donmar Dr, Lancaster, KY 40444

Nice golf course building lot in upscale Lake Herrington and golf course community. Approx 30 min south of lexington. Amenities include private marina for residence

Audrey Good Lake Side Realty Group

lot 18 Sect 3 Donmar Dr, Lancaster, KY 40444
/4
$140,000
- Land
- 7 Acres
- $20,086 per Acre
5320 Sugar Creek Rd, Lancaster, KY 40444

Jaime Patterson Danny Ayres Realty & Auction

5320 Sugar Creek Rd, Lancaster, KY 40444
/14
$105,000
- 3 Beds
- 1 Bath
- 1,260 Sq Ft
312 Maupin Rd, Lancaster, KY 40444

This 3 bedroom, 1 bath home is situated on 0.79 acres +/-, full walk out basement, garage in basement, back deck and covered front porch.Basement does have water in it. Buyer to verify acreage and school district.

Barry Turner RE/MAX LakeTime Realty

312 Maupin Rd, Lancaster, KY 40444

Kentucky Garrard County Lancaster

Home Trends in Lancaster, KY

On average, homes in Lancaster, KY sell after 51 days on the market compared to the national average of 70 days. The median sale price for homes in Lancaster, KY over the last 12 months is $245,000, down 42% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$245,000

Median Single Family Sale Price

$326,000

Median Townhouse Sale Price

$259,900

Average Price Per Sq Ft

$163

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.60

Median List Price

$322,400

Median Change From 1st List Price

10%

Median Home Sale Price YoY Change

-42%

How to Buy a Home How to Finance a Home How to Sell a Home

In Lancaster, you'll find a diverse selection of properties with 30 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in Lancaster, KY.

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