The size of Lancaster is approximately 43.3 square kilometres. The population of Lancaster in 2016 was 393 people. By 2021 the population was 398 showing a population growth of 1.3% in the area during that time. The predominant age group in Lancaster is 50-59 years. Households in Lancaster are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lancaster work in a managers occupation.In 2021, 87.40% of the homes in Lancaster were owner-occupied compared with 87.50% in 2016.
Lancaster has 180 properties. Over the last 5 years, Houses in Lancaster have seen a 40.21% increase in median value. As at 31 October 2025:
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