The story of this market
The typical home in ZIP 63548 sells for about $135,000, or $88 per square foot.
Prices are up +3.8% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $349 a month.
ZIP 63548 — Lancaster
The housing market in 63548 is characterized by low inventory and slow turnover, typical of a rural Missouri community. Prices have seen modest, steady appreciation over the last decade, driven by limited supply rather than high demand. The market remains stable with little volatility expected in the near term.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with low housing costs and a strong sense of community.
Median prices moved up 3.8% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 15.1% — 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 5.3%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 63548, Schuyler County MO
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 Lancaster are served by the Schuyler County R-I School District, which provides rural educational services for the area.
The area is primarily rural with standard regional risks for severe weather; flood risk is localized to specific low-lying areas near local creeks.
Economic momentum is stable and driven by local agriculture and small-scale commerce, with limited large-scale industrial development.
Property taxes are assessed at the county level by the Schuyler County Assessor; rates are determined by local school district and county levies.
Commutes are primarily by personal vehicle, with most residents traveling to local employment hubs within Schuyler County or nearby Kirksville.
Recreation is centered on outdoor activities, including access to local parks and rural landscapes, with limited commercial shopping within the immediate ZIP.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and minimal short-term rental activity.
The economy is heavily reliant on agriculture, local government, and small-business services within the county seat of Lancaster.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available.
Development is limited to small-scale residential improvements and agricultural infrastructure.
The Schuyler County Assessor manages property valuations based on state-mandated assessment cycles.
Parcels are subject to Schuyler County R-I School District taxes and county-wide general levies.
Property insurance remains stable, though premiums are influenced by regional exposure to severe storms and wind events.
Missouri is a non-judicial foreclosure state, allowing for relatively efficient trustee sales following default.
Missouri requires sellers to provide a property disclosure statement, though it is limited in scope compared to other states.
Data retrieved from data.census.gov ZCTA 63548 profile.
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.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.