Lancaster's October First-Time Homebuyer Report

The population of Lancaster is growing faster than the rest of Pennsylvania, at a 10-year growth rate of 6.4%. However, it's already the eighth-most populous city in the state, with 59,322 residents. 17603, 17602, and 17601 are the three largest zip codes in terms of population. Homes in Lancaster are older than most with a median age of 72 years. The top school in the city is Manheim Twp High School.


If you're looking to explore the community's favorite stores in Lancaster, then check out Lancaster Central Market, Giant Food Store, and AC Moore, Foursquare's most popular places to go shopping. You might also try Penn Square and Beau's Dream Dog Park at Buchanan Park, a few popular places to experience the outdoors. And finally, Chameleon Club and Regal Cinemas Manor 16 are frequently visited spots for entertainment.

Price Range

Homes in Lancaster are worth a median of $111,000, similar to other parts of Pennsylvania. Additionally, the list prices of available homes is currently at an average of $112,475.

Curious as to which homes have been getting the most attention in Lancaster? These listings have stirred up interest and produced the most views:

$198K   $173K   $125K  

Typical Dwelling

A three-bedroom townhouse valued around $96,090 is considered a typical dwelling in Lancaster. If a buyer was looking for a similar home, they would need good credit and a $19,218 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $79 and the property tax rate is $14.64 per $1,000 of taxable assessed value.

Get started right now by checking out Lancaster homes for sale or reviewing Lancaster real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Coldwell Banker Residential Brokerage
Snapped 10 homes in this area
Gateway Realty, Inc.
Snapped 1 home in this area

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