Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lancaster area can be challenging. Home prices in Lancaster are now at a median cost of $213,742, lower than the Pennsylvania average of $222,630.
The average cost of rent is $1,237/mo in Lancaster, primarily driven by the current value of real estate in the Lancaster area. While nearly 39.75% of residents own their homes outright in Lancaster, 36.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lancaster is $6,444 per month. Households that rent pay about 19.19% of their income on rent here. Lancaster's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Millersville, PA: equally priced homes
- East Petersburg, PA: equally priced homes
- Willow Street, PA: higher priced homes
- Witmer, PA: higher priced homes
- Smoketown, PA: higher priced homes
- Mountville, PA: higher priced homes
- Lampeter, PA: higher priced homes
- Landisville, PA: equally priced homes
- Leola, PA: higher priced homes
- Lititz, PA: higher priced homes
Cities with Similar Populations
- Fort Collins, CO: higher priced homes
- Florissant, MO: less expensive homes
- Flower Mound, TX: higher priced homes
- Flagstaff, AZ: higher priced homes
- Enterprise, NV: higher priced homes
- Everett, WA: higher priced homes
- Fort Pierce, FL: higher priced homes
- Fort Wayne, IN: less expensive homes
- Framingham, MA: higher priced homes
- Fort Myers, FL: higher priced homes
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