Lancaster Metro Area, PA Housing

The housing market in the Lancaster, PA Metro Area is thriving. According to recent data, the area's median housing value is $299,400, compared to the national median of $338,100. The appreciation rate for homes in the area has been greater than the national average over the past year at 14.39%, much higher than the 8.27% seen nationwide. This indicates that potential homeowners will be able to find great deals on homes in this area and enjoy increasing property value of their investment over time.

The median home cost in Lancaster Metro Area is $299,400. Home appreciation the last 10 years has been 68.3%. Home Appreciation in Lancaster Metro Area is up 13.5%.

Average Age of Homes

- The median age of Lancaster Metro Area real estate is 42 years old

The Rental Market in Lancaster Metro Area

- Renters make up 29.1% of the Lancaster Metro Area population
- 0.8% of houses and apartments in Lancaster Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lancaster, Pennsylvania	United States
	215,288.0	139,647,020.0
	45	42
	$299,400	$338,100
	13.5%	16.6%
	50.9%	57.0%
	68.3%	101.1%
	$16.04	$10.98
	$3,677	$2,690
	67.1%	57.4%
	3.7%	11.2%
	29.1%	31.4%
Vacant Housing
	0.8%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.7%	2.4%
	1.2%	2.8%
	1.7%	3.9%
	2.2%	4.5%
	10.8%	11.3%
	19.7%	13.0%
	34.5%	20.1%
	14.3%	13.6%
	5.7%	8.3%
	3.9%	9.7%
	1.0%	3.9%
	0.9%	2.2%
	0.4%	0.8%
	0.6%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	11.1%	13.6%
	11.1%	13.6%
	13.4%	13.6%
	14.2%	13.2%
	12.2%	14.8%
	13.4%	13.6%
	9.4%	10.0%
	4.4%	4.7%
	20.2%	12.2%

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