The story of this market
The typical home in ZIP 40444 sells for about $249,000, or $145 per square foot.
Prices are up +15.38% from a year ago, so sellers still have some momentum. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $811 a month.
ZIP 40444 — Lancaster
The Lancaster housing market is experiencing steady appreciation and faster sales activity compared to the previous year. While inventory remains selective, the market is supported by consistent demand and a lack of new rental supply. Buyers are finding a competitive environment, particularly for move-in-ready homes.
This ZIP is well-suited for family buyers and those seeking a rural-suburban lifestyle with proximity to larger regional employment centers.
Median prices moved up 15.4% year over year.
Homes spend a median of 37 days on market with 5.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.7% · poverty 14.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 40444, Garrard County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools in the area are primarily served by the Garrard County School District, which maintains a standard accountability profile for the region.
Economic momentum is driven by local agricultural and small-business sectors, with steady residential development occurring in the Lancaster area.
Property taxes are assessed by the Garrard County Property Valuation Administrator based on fair cash value, with rates set by local taxing districts including the county, city, and school district.
Commuters primarily utilize US-27 and KY-52 to access employment hubs in Danville, Richmond, and the Lexington metro area.
The area features access to Herrington Lake for water recreation, local golf courses, and various community parks within the city of Lancaster.
The rental market is characterized by low inventory and high demand, with limited multi-family supply putting upward pressure on asking rents.
The local economy is anchored by agriculture, manufacturing, and public sector employment within Garrard County.
Transportation is primarily road-based, relying on state highways for regional connectivity.
Development is focused on residential expansion on the outskirts of Lancaster and infrastructure upgrades in the city center.
The Garrard County PVA office manages property assessments, typically conducting physical reviews on a four-year cycle.
Parcels are subject to Garrard County School District taxes and local municipal utility district fees where applicable.
Property insurance premiums are influenced by regional weather patterns and proximity to fire protection services.
Data retrieved from US Census Bureau QuickFacts and ZCTA-level ACS tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major regional destination for boating and fishing.
Local course serving the community.
Public space for community events and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.