Quick facts: Lancaster, CA

Quick Facts

108.3
Cost of Living
above US average
169,185
Population
28.1
Crime Rate per 1000
above US average
$71,367
Median Income
below US average
$410,000
Median House Price
above US average
$2453.72
Average Rent
above US average
15%
Poverty Rate
above US average
8.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $71,367.

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Income Needed to Buy

βœ— Stretch
$129k/year
Based on $410,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $129k vs median $71,367
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Income Needed to Rent

⚠ Stretch
$105k/year
Based on $2453.72/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $105k vs median $71,367
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lancaster, CA

Lancaster, located in northern Los Angeles County, California, is part of the Antelope Valley and is known for its expansive high desert landscape. As of the 2020 census, the city had a population of over 160,000 residents. Lancaster is characterized by its strong ties to the aerospace industry, hosting a number of companies and facilities connected to aviation and space exploration. The area features several attractions, including the Antelope Valley California Poppy Reserve, where vibrant wildflowers bloom each spring, and the AV Fairgrounds, which hosts various events and the annual Antelope Valley Fair. Lancaster also prioritizes public art, evident in the large-scale murals spanning the city. The climate is typical of a desert environment, with hot summers and mild winters. The city has been making strides in promoting sustainable initiatives, including solar energy projects. Lancaster's strategic location provides easy access to Los Angeles and other parts of Southern California, making it a growing suburban community. With a blend of cultural diversity and recreational opportunities, Lancaster appeals to both residents and visitors alike.

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