ZIP Code · NY

ZIP 14086

Part of Lancaster, NY

Pop. 35,635·Erie County·267th most expensive ZIP in New York

Median rent (all units)

$1,599/mo

Year-over-Year

Stable

Month-over-Month

+4.6%

vs US Median

-$333

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 14086 · $1,599

More affordable than 65% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,060

1 BR

$1,090

2 BR

$1,290

3 BR

$1,580

4 BR+

$1,800

Research median

$1,290/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($99,499) is $2,487 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,800).

Cheaper nearby

ZIP 14227, 5 miles away, rents for 22% less ($1,254/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 14086. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,188/yr

At $1,599/mo median

Location

CityLancaster

StateNY

CountyErie County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +4.6% MoM), not inventory.

Demographics

Who lives here

ZIP 14086 (Lancaster, NY) is majority owner-occupied, has a large retiree population, has a median income above the national average, 41.3% of residents hold a bachelor's degree or higher.

Population

35,635

Median income

$99,499

Median age

46.4

Renters

16.5%

Age distribution

19.9%

15.8%

25.3%

17.8%

21.3%

Under 1819.9%

18–3415.8%

35–5425.3%

55–6417.8%

65+21.3%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

94.2%

White94.2%

Black1.5%

Hispanic1.6%

Asian0.6%

Other2.1%

Education (25+)

22.3%

31.1%

41.3%

No HS diploma5.3%

HS diploma22.3%

Some college31.1%

Bachelor's+41.3%

Housing tenure

83.5%

16.5%

Owner83.5%

Renter16.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 14086 in Lancaster, NY has changed in 5 years

Income

$88,615 → $99,499

up 12.3%

Population

34,961 → 35,635

up 1.9%

Renter share

16.8% → 16.5%

-0.3 pts

Bachelor's+

38.5% → 41.3%

+2.8 pts

Median age

45.8 → 46.4

+0.6 yrs

Local incomes tracked alongside that move, going from a median of $88,615 in 2021 to $99,499 more recently. The population has grown by 1.9% since 2021, moving from about 34,961 residents to roughly 35,635. College-educated residents now make up 41.3% of adults here, versus 38.5% in 2021.

Community

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Local insights

Tips for renters in ZIP 14086

About renting in ZIP 14086

Last updated: October 17, 2026

ZIP code 14086 covers Lancaster, NY. The median rent here is $1,599/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,290/mo.

At 19% of local median household income ($99,499/yr), ZIP 14086 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 14086?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,599/mo in ZIP 14086. The local median household income is $99,499/yr, so the typical household meets that bar.