HomeKentuckyGarrard CountyLancaster city
Lancaster city, Kentucky: commercial real estate data.
Lancaster city is a Census city of 4,013 people across 2.52 square miles of land, in Garrard County. Median household income is $43,898, 54.6 percent of occupied homes are owned, and the SBA record carries 12 7(a) approvals to borrowers here worth $3.5 m.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lancaster
What Lancaster is
- Census place typecity
- Land area2.52 sq mi
- Water area0.02 sq mi
- Population per square mile of land1,590
- County holding the largest share of its areaGarrard County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lancaster
How many people live in Lancaster
- Population4,013
- Median age34.0
- Population under 181,080
- Share under 1826.9 percent
- Population 65 and over697 plus or minus 183
- Share 65 and over17.4 percent plus or minus 4.6
- Households1,494
- Family households948
- Share of households that are families63.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lancaster
Income and work in Lancaster
- Median household income$43,898 plus or minus $10,264
- Per capita income$23,631 plus or minus $5,705
- Civilian labor force1,695
- Employed1,496
- Unemployed199 plus or minus 114
- Unemployment rate11.7 percent plus or minus 6.5
- Adults 25 and over2,577
- Adults 25 and over with a high school diploma or higher84.4 percent
- Adults 25 and over with a bachelor degree or higher13.2 percent plus or minus 4.9
- Adults 25 and over with a graduate degree9.3 percent plus or minus 4.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lancaster
Housing in Lancaster
- Housing units1,642
- Occupied units1,494
- Vacant units148 plus or minus 106
- Vacancy rate9.0 percent plus or minus 6.4
- Owner occupied815
- Renter occupied679
- Ownership rate54.6 percent
- Median owner-occupied home value$175,300 plus or minus $44,114
- Median gross rent, monthly$801
- Annual rent as a share of median income21.9 percent plus or minus 5.5
- Single family units1,349
- Share single family82.2 percent
- Units in buildings of two or more257 plus or minus 91
- Share in buildings of two or more15.7 percent plus or minus 5.3
- Mobile homes36 plus or minus 39
- Median year structure built1968
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lancaster
How Lancaster gets to work
- Workers 16 and over who commute1,357
- Commuting under 15 minutes418 plus or minus 170
- Share commuting under 15 minutes30.8 percent plus or minus 11.5
- Commuting 30 minutes or more512 plus or minus 142
- Share commuting 30 minutes or more37.7 percent plus or minus 8.5
- Drove alone79.7 percent
- Carpooled11.3 percent plus or minus 4.5
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home9.0 percent plus or minus 5.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lancaster
SBA loans in Lancaster (7(a))
- Approvals12
- Gross approval$3,534,300
- Average approval$294,525
- Median approval$250,000
- Ninetieth percentile approval$640,000
- Largest approval$640,000
- Jobs supported43
- Jobs per approval3.6
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS7
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Garrard County, not Lancaster
Garrard County context, not Lancaster figures
These are Garrard County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lancaster measurements.
- Establishments in Garrard County251
- Employment at those establishments, Garrard County1,654
- Covered employment, Garrard County2,759
- Average annual pay, Garrard County$48,370
- Average weekly wage, Garrard County$930
- Housing units permitted, Garrard County0
- Of those, single family, Garrard County0
- County product, 2024, Garrard County$431,795,000
- County product change over the prior year, Garrard County10.3 percent
- Average income of an arriving household, Garrard County$68,874
Every figure in this section is published for Garrard County as a whole and is not a measurement of Lancaster. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lancaster questions, answered from the record.
How many people live in Lancaster, Kentucky?
4,013, in 1,494 households. Lancaster city covers 2.52 square miles of land, which is 1,590 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lancaster in?
Garrard County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lancaster?
$43,898. The median owner-occupied home is valued at $175,300. Median gross rent is $801 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lancaster businesses?
12 7(a) approvals totalling $3.5 m, across 4 lenders, median approval $250,000. These count approvals to borrowers whose address is in Lancaster, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lancaster borrowers get paid back?
No rate is published for Lancaster. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lancaster figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Garrard County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lancaster.
Is zoning published for Lancaster?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.