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Lancaster

Lancaster

Located in Garrard County

$207,318 Average Value
$128 Average Price per Sq Ft
18 Homes For Sale

Lancaster offers small-town living in the Bluegrass region

In the heart of Kentucky’s bluegrass region, Lancaster offers buyers a small downtown with plenty of access to single-family homes, restaurants and shopping locations. The Garrard County seat has over 3,800 residents and is south of Lexington, but has several highways cutting through, providing easy access to local entertainment and job centers. “It’s a small town feel,” says Debbie Kobernick, a Realtor with Keller Williams Greater Lexington, who sells in the locale. “There’s a lot to offer with easy access to [the] Fayette County, Lexington area and Richmond, so it’s a great location with lots of fun activities.”

Variety of housing styles and pricing

Homes in Lancaster can range from historical Victorians and Greek Revivals to ranch-styles, split levels and New Traditionals. The median home price is $185,000, lower than the state and national medians. Properties also move quickly, typically selling after 33 days, compared to the national average of 52 days. However, prices can range from over $100,000 to around $600,000, with some housing reaching the million-dollar threshold. Kobernick says there is some HOA activity.
Properties are typically on gridded streets with smaller lots and oak trees accenting lawns. Some subdivisions have less tree cover. Farms and housing with larger acreage surround Lancaster. Kobernick notes that the community has attracted a mix of families and retirees.

Garrard County School serves students

Students can attend Garrard County Schools, rated B-minus on Niche. They can start at Lancaster Elementary, earning a B-minus, and continue to C-plus-graded Garrard Middle. Garrard County High scores a B-minus. The district’s technology center offers programs in automotive technology, health sciences and carpentry.

Parks, Herrington Lake and nature preserves form outdoor fun

Logan Hubble Park has multiple amenities, including a playground, disc golf course and trails. The 2,300-acre Herrington Lake, northwest of downtown, is the deepest in the state and has plenty of fishing spots, marinas and events such as live concerts. The Tom Dorman State Nature Preserve has trails and birding spots near the Kentucky River.
The Peninsula Golf Resort, adjacent to Herrington Lake, has a 6,700-yard Pete Dye-designed course and is open to the public. The historic Governor William Owsley House is available for private events. The Lancaster Grand Theatre has been in town since 1925 and hosts concerts. Events and attractions in downtown Lexington are 36 miles north.

Dining in downtown, farmers' market and other shopping options

Restaurants on Stanford Street and Danville Road feature a mix of chain and local spots. Keys and Crows serves pizza, pasta dishes and sandwiches. Los Agaves Grill offers Mexican cuisine. Bradford BBQ & Grill has sandwiches, tacos and wings.
Downtown also has several boutiques, a produce market while Save A Lot grocery store is further south. Smaller convenience and dollar stores are located off Lexington Road and Stanford Street. The Garrard County Farmers Market is also held downtown during the Summer.

Weather risks in Lancaster

Maps show a slight flooding risk in Lancaster. Tornadoes and other severe storms can also occur.

Local highways connect to Lexington and to Interstate 75

Lancaster does not have any public transit links and is primarily car-dependent. U.S. Highway 27 runs through Lancaster, connecting to Lexington. Highway 52 links to Danville, 11 miles west, while the entrance to Interstate 75 is 18 miles east. Blue Grass Airport is 35 miles north. Lancaster has several clinics, but Ephraim McDowell Fort Logan Hospital is 7 miles south.

Tyler Patchen
Written By
Tyler Patchen

Interested in learning more about homes in this area? Reach out to Doreen Taylor, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Lancaster Housing Trends

Housing Trends

Median List Price
$202,450
Median Sale Price
$185,000
Median Single Family Sale Price
$199,000
Median Change From 1st List Price
5%
Last 12 months Home Sales
73
Median Home Sale Price YoY Change
9%
Average Price Per Sq Ft
$128

Area Facts

Number of Homes in Neighborhood
773
Number of Homes for Sale
18
Median Year Built
1978
Months of Supply
3.00
Average Single Family Home Size Sq Ft
1,737
Below the national average
1,924
Median Lot Size Sq Ft
17,424

Open Houses

  • Sunday, Aug 31
    Open Sun 1PM - 3PM

    301 Herrington Haven Rd, Lancaster, KY 40444

    $341,000

    • 4 Beds
    • 3 Baths
    • 2,806 Sq Ft
    • 301 Herrington Haven Rd
    • New 25 days ago

    This home is located directly across from Herrington Lake with convenient water access. Enjoy peaceful lake views from the front deck--an ideal spot to relax or entertain. Inside you'll find 4-bedrooms, 3 full bathrooms, and 2 bonus rooms in the finished basement-Plus a small kitchenette area, making it ideal for creating a private in-law suite or guest quarters. If you are looking for a peaceful

    April Byers RE/MAX Elite Lexington

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lancaster Has More Owners

Demographics

Total Population
3,951
Median Age
42
Population under 18
25%
On par with the national average
23.8%
Population over 65
21.2%
On par with the national average
19.1%

Finances

Median Household Income
$45,373
Significantly below the national average
$71,702
Average Household Income
$67,175

Education and Workforce

High School Graduates
79%
Below the national average
89.1%
College Graduates
17.4%
Below the national average
34.1%
Advanced Degrees
9.8%
% Population in Labor Force
55.1%

Weather

Annual Precipitation
48''
Average Winter Low Temperature
23°F
Average Summer High Temperature
86°F
Annual Snowfall
6''

Area Factors

Somewhat Bikeable

Bike Score®®

24 / 100

Car-Dependent

Walk Score®®

27 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lancaster