According to statistics, the population in Lancaster, PA amounts to 59,556, which shows decline 0% compared to the previous year. The median age of the city’s residents is 32. The average household income is $40,805, shifting growth 13% from the past year, and the average property value in Lancaster, PA decline 0% to $109,700 throughout the year.
|Number Of Employees||27,996|
|Median Property Value||$109,700|
The average household income in Lancaster, PA grew from $36,233 to $40,805 in the past year. This data is an estimate based upon 21,886 households in Lancaster, PA . The chart below presents how household income is distributed in Lancaster, PA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Lancaster, PA shifted from $109,300 to $109,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Lancaster, PA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Lancaster, PA properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lancaster, PA compared to median property taxes around the country. The prevalent amount of property taxes in Lancaster, PA equals $3000, which is less than the national average.
|Apr||vs Last Month|
|4+ bed apartments||$399,221||+22.7%|
During April 2023, the average price for an apartment in/near Lancaster, PA increased by 13.1% to $337,380.
Knowing the current property prices is key if you plan to buy a studio in Lancaster, PA. The average price for a studio has increased since the last month, currently being $229,000. Asking price for 2-bed apartment also increased by 2.9% and a place of this size will now cost you $415,629. A 3-bed apartment goes for $244,302, it increased by 5.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 22.7% and made it up to $399,221.
|Apr||vs Last Month|
|Houses for sale||$412,805||+1.3%|
|Condos for sale||$321,082||+19.9%|
Price reports demonstrate that house price increased by 1.3% this month making it up to $412,805. Condos are really in demand in this season. The median price for a condo increased by 19.9%, it’s now available for $321,082.