Home prices
The median home in Lancaster is valued at $114,600. This is approximately $133,120 (53%) lower compared to its surrounding areas.In comparison to the rest of the nation it is about $102,900 (47%) lower, and it is approximately $48,400 (29%) lower in comparison to the city of Philadelphia.
Rents
In Lancaster the median monthly rent is $866. It is approximately $451 (34%) lower in comparison to the surrounding areas.Compared to the entire nation it is about $196 (18%) lower, and it is approximately $176 (16%) lower compared to the city of Philadelphia.
Nearby places
Willow Street
Willow Street is Lancaster's neighbor to the south. Real estate prices there are substantially more expensive. The median home in Willow Street costs $248,000, which works out to $133,400 (53%) higher than Lancaster. Its rents are substantially more expensive. Willow Street's median monthly rent is $2,083, which comes out to $1,217 (58%) higher than Lancaster.
Millersville
Millersville is approximately 3 miles southwest from Lancaster. The housing prices there are a lot more expensive. The median home in Millersville costs $175,100, which is $60,500 (34%) higher than Lancaster. Its rents are somewhat more expensive. Millersville's median rent is $1,177 per month, which comes out to $311 (26%) higher than Lancaster.
Lampeter
Lampeter is approximately 4 miles southeast from Lancaster. Its real estate prices are substantially more expensive. The median home in Lampeter costs $226,600, which comes out to $112,000 (49%) higher than Lancaster. The rent there is somewhat more expensive. In Lampeter the median monthly rent is $1,018, which is $152 (14%) higher than Lancaster.
East Petersburg
East Petersburg is about 4 miles northwest of Lancaster. Housing prices there are significantly more expensive. East Petersburg's median home cost is $181,400, which comes out to $66,800 (36%) higher than Lancaster. Its rents are a little more expensive. In East Petersburg the median rent is $1,144 per month, which comes out to $278 (24%) higher than Lancaster.
Bird-in-Hand
Bird-in-Hand is approximately 5 miles east from Lancaster. The real estate prices there are significantly more expensive. The price of the median home in Bird-in-Hand is $407,500, which comes out to $292,900 (71%) higher than Lancaster. Its rents are a little more expensive. The median monthly rent in Bird-in-Hand is $1,164, which works out to $298 (25%) higher than Lancaster.
