Lancaster, PA Real Estate
According to census data in the year 2000 there were 23,021 housing units in Lancaster.
This represents a 2.5% growth from 22,468 in 1990.
Of those housing units, 23,021 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lancaster is about 46.5%.
Lancaster's vacancy rate, including seasonal lodging, is about 9%.
Average household size is 2.51 people.
The majority of houses, apartments or condos in Lancaster were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.10% |
| One Bedroom | 21.60% |
| Two Bedrooms | 23.60% |
| Three Bedrooms | 33.70% |
| Four Bedrooms | 11.20% |
| Five Bedrooms or more | 5.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $71,300 |
| Median Price asked for vacant units | $59,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $410 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 54.60% |
| Debt Free | 29.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
