Zip 17603 (Lancaster, PA) Housing

The housing market in 17603 Lancaster, PA is seeing a rapid rise in median value over the past year. The median value of housing is currently at $246,000, which is significantly lower than the US median value of $338,100. However, the 1 year appreciation rate in this area is 15.10%, far higher than the US average of 8.27%. This suggests that homes here are rapidly increasing in value and are becoming increasingly attractive to buyers looking to invest in real estate.

The median home cost in Lancaster (zip 17603) is $246,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lancaster (zip 17603) is up 15.6%.

Average Age of Homes

- The median age of Lancaster (zip 17603) real estate is 62 years old

The Rental Market in Lancaster (zip 17603)

- Renters make up 38.4% of the Lancaster (zip 17603) population
- 1.3% of houses and apartments in Lancaster (zip 17603), 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
	28,010.0	139,647,020.0
	63	42
	$246,000	$338,100
	15.6%	16.6%
	59.4%	57.0%
	81.4%	101.1%
	$17.65	$10.98
	$3,355	$2,690
	58.5%	57.4%
	4.6%	11.2%
	36.9%	31.4%
Vacant Housing
	1.3%	1.9%
	0.8%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	0.5%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	1.7%	2.4%
	2.7%	2.8%
	3.8%	3.9%
	3.9%	4.5%
	17.0%	11.3%
	24.2%	13.0%
	30.5%	20.1%
	7.1%	13.6%
	4.3%	8.3%
	1.9%	9.7%
	0.7%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	6.2%	13.6%
	6.2%	13.6%
	7.8%	13.6%
	11.0%	13.2%
	8.1%	14.8%
	7.8%	13.6%
	14.6%	10.0%
	6.6%	4.7%
	32.1%	12.2%

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