Lancaster, Tennessee.
Typical home $262,183 (+1.5% in a year). Nashville-Davidson--Murfreesboro--Franklin, TN metro.
to buy the typical home at today's mortgage rate — +$436 (+46%) since Feb 2022.
- 1 year
- Up $3,858 +1%
- $258,326$262,183 since Sep 2025
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Lancaster$1,376
- Tennessee$1,737
- United States$1,922
Typical home values in Lancaster, TN rose 1.5% over the past year — faster than the nation's +1.2%.
Living in Lancaster, Smith County, Tennessee
The Census does not count Lancaster on its own, so the figures here are Smith County's. Half the county's households earn more than $66,293 a year and half less; 10% of the county's people live below the poverty line. 77% of the county's homes are lived in by their owners and 23% are rented. Unemployment in Smith County was 3.2% in August 2026, and the county had 1.8% fewer jobs in 2025 than the year before. The most people in Smith County work in schools and health care, then manufacturing.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Lancaster is a small town in Smith County, Tennessee, where many people live in homes they own. Across Smith County, most homes are lived in by their owners, and the typical home is valued well below the national figure. Winters here are cold and summers are hot, and the area gets a good deal of rain and melted snow over the year.
Work. Residents work mostly in schools, hospitals and social care, manufacturing, shops and the building trades. Across Smith County, the number of jobs fell slightly in the most recent year, while unemployment has stayed the same over the past year. Relatively few people work from home, and a minority of adults hold a four-year degree.
Things to do. Center Hill Lake, a reservoir, lies in or beside town, and Edgar Evins State Park, a protected area, is in or beside town as well. Burgess Falls, a waterfall, is a longer drive away for those who want to see moving water.
Report a mistake
- 7,932households
- 40.6median age
- 18%of adults have a degree
- 10%below the poverty line
- 32 mintypical commute
- 8%work from home
What people in Smith County work in
Employed residents by industry, from the Census survey. Smith County had 4,947 jobs in 2025, 1.8% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 48° and lows near 28°; warmest in July, with highs near 89° and lows near 68°. About 57 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Lancaster Edgar Evins Marina weather station, 2 miles away (NOAA).
Largest workplaces in Smith County
- Bonnell Aluminum, Inc. - CarthageBar, aluminum, made in integrated secondary smelting and extruding mills574
- Smith County SchoolsSchool district517FTE
- SHIROKI North America - GordonsvilleMetal motor vehicle body parts stamping224
- Smtih Coutny GovernmentBuilding standards agencies, government214
- WalmartWarehouse clubs and supercenters191
- Dana Inc. (Gordonsville Facility)Automotive parts manufacturer182
- Riverview Regional Medical CenterCritical access hospital153FTE
- Graphic Packaging InternationalPaper and paperboard137
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 25 workplaces with 20 or more staff, 2,605 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
FEMA rates every natural hazard here relatively low or very low.
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Smith County, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Smith County and the Nashville-Davidson--Murfreesboro--Franklin, TN metro.
Lancaster home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Lancaster$262,183
- Tennessee$330,844
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Lancaster address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Lancaster — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.