Lancaster Homes under $200,000

**Discover the Charm of Lancaster, Wisconsin: Your Gateway to Affordable Living**

Nestled in the heart of Grant County, Lancaster, Wisconsin, is a picturesque city that beautifully marries small-town charm with modern conveniences. With its rich history, vibrant community spirit, and stunning natural landscapes, Lancaster is an ideal place for families, retirees, and everyone in between. The city is known for its friendly atmosphere, where neighbors become friends, and community events bring everyone together.

One of the standout features of Lancaster is its affordability. For homebuyers seeking value, the city offers a variety of homes priced under $200,000, making it accessible for first-time buyers and those looking to downsize. These homes often feature classic architectural styles, spacious yards, and proximity to local amenities. Whether you're drawn to a cozy bungalow or a charming two-story home, Lancaster has something to suit every taste and budget.

Lancaster is also a hub for outdoor enthusiasts, with nearby parks and trails that invite you to explore the beauty of Wisconsin's landscapes. The city boasts a strong sense of community, with local events, farmers' markets, and seasonal festivals that celebrate the area's heritage. Residents enjoy a slower pace of life while still having access to essential services, schools, and recreational activities.

If you’re looking for a place where you can truly feel at home without breaking the bank, Lancaster, WI, is the perfect destination. With affordable housing options and a welcoming community, you’ll find that your dream home awaits in this charming city. Come discover all that Lancaster has to offer!

Newest Lancaster Homes under $200,000

$142,000

2 Beds ⋅ 1 Baths ⋅ ACTIVE Status

Completely remodeled 2-bedroom ranch on a large lot at the edge of town! The updates include new siding, windows, drywall, flooring, and fresh paint throughout. The redesigned kitchen features new cabinets and appliances, while the updated bathroom offers a new shower, vanity, and flooring. Enjoy the added curb appeal and convenience of a new street and sidewalk. Move-in ready and refreshed from top to bottom!

127 N Mckinley Street, Lancaster

Listing courtesy of Platteville Realty LLC.

$158,000

3 Beds ⋅ 1 Baths ⋅ ACTIVE Status

2 story home located in an established neighborhood on a corner lot. Double lot. 2nd lot is buildable and could be sold off or used to build your perfect garage. Family room and living room area on main floor. 3 bedrooms, large 12x12 full bath with closet ready to remodel and make into a master. Tax parcel #246-00678 is included in this sale.

450 Harrison Street, Lancaster

Listing courtesy of Tim Slack Auction & Realty, LL.

$184,000

ACTIVE Status

This 3 unit income property in downtown Lancaster has a commercial space on the main level & 2 residential units on the upper w/nice wood floors. This is a solid brick building & has been well maint w/numerous updates, incl furnace, plumbing, electrical, flooring, etc. The main level space is vacant & could be used for numerous purposes. It has a full bath, an office, as well as a lg storage area. Lg display windows & is very clean. There's a 1 bd unit upstairs occupied, m-to-m. That unit has an open concept w/a nice kit area, liv rm & din area. There is a nice bathroom w/laundry. The other upper space is an efficiency unit w/a full bath. All appl are incl. Rents have been $550-main level commercial unit. $500-upper efficiency unit & $600-1 bd upper unit. PLUS - Tenants pay $150/month toward the utilities, ($450/m total). Full basement for storage.

217 W Cherry St, Lancaster

Listing courtesy of RE/MAX Preferred.

Start Your Search

Copyright 2026 WIREX Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but not guaranteed. Information is supplied by seller and other third parties and has not been verified.