Lancaster Homes under $400,000

Welcome to Lancaster, Wisconsin, a charming city nestled in the heart of Grant County. Known for its picturesque landscapes and friendly community, Lancaster offers a unique blend of small-town charm and modern conveniences. With a rich history dating back to the 1800s, this vibrant city is surrounded by rolling hills and lush farmland, making it a perfect escape for nature lovers and those seeking a peaceful lifestyle.

Lancaster is not only a place of natural beauty; it also boasts a thriving local economy, excellent schools, and a tight-knit community atmosphere. Residents enjoy various recreational activities, including hiking, fishing, and exploring the nearby scenic trails. The city hosts numerous events throughout the year, fostering a strong sense of community and providing opportunities for social engagement.

For those looking to find their dream home in this idyllic setting, Lancaster offers an impressive selection of homes priced under $400,000. Whether you’re a first-time homebuyer, a growing family, or looking to downsize, the housing market in Lancaster has something for everyone. From cozy single-family homes to charming bungalows, you’ll find properties that perfectly fit your lifestyle and budget.

With its affordable housing options, Lancaster is an attractive choice for those seeking a tranquil environment without sacrificing access to amenities. Embrace the opportunity to create lasting memories in a city that truly feels like home. Explore the available homes today and discover why Lancaster, Wisconsin, is the perfect place to settle down and thrive!

Newest Lancaster Homes under $400,000

$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.

$215,000

4 Beds ⋅ 2 Baths ⋅ ACTIVE Status

Step into the charm of a classic 1920 American Foursqaure! This 4-bed 2-bath home offers timeless character, spacious living areas, and plenty of opportunity to make it your own. The inviting enclosed porch creates a welcoming entry and wonderful space to relax! Situated on a spacious lot with mature trees and established landscaping, this property combines historic charm with convenient living.

413 S Tyler Street, Lancaster

Listing courtesy of Wisconsin.Properties Realty, LLC.

$399,000

4 Beds ⋅ 2.5 Baths ⋅ ACTIVE Status

BUMP Clause 9/11/2026 This wonderous location is only the beginning of all the good this home offers. This ranch home was built in 1983 and offers 4 bedrooms with one of them being a master suite with a walk-in shower. Many updates over the years including the kitchen cabinets and countertops and some bathroom work. Two full baths, laundry, and half bath are all conveniently on the main level. The large unique living room and kitchen are all centered around the brick fireplace with multiple wood beams, vaulted ceilings, and gas fireplace. The living area has two patio doors that walk out to the wrap around deck finished with composite decking and railing. The garage is two car, zero entry into the home and has a precast floor adding to the lower level for storage.

445 Arbor Oaks Lane, Lancaster

Listing courtesy of Platteville Realty LLC.

$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.