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Lancaster, PA Real Estate and Homes for Sale

Lancaster Overview

Lancaster, Pennsylvania real estate property owners enjoy all the amenities that a major city provides with the added touch of  enveloping peace and tranquility. It's because Lancaster is surrounded by the legendary 7,100 square-mile Pennsylvania Dutch Country having the nation's best growing soil within a verdant rolling countryside with the most notable Mennonite and Amish communities in the world. With 85,500 acres of preserved farmland , the rural character of Lancaster County draws 11 million visitors each year, according to the Pennsylvania Dutch Convention & Visitors Bureau.

For help finding your searching for a Lancaster home for sale or real estate, contact a Prudential Homesale Services Group real estate agent today.

Read more about living in Lancaster.

Lancaster PA Real Estate Information


The City of Lancaster, PA with 525,000 residents and a growth rate of more than ten percent over the past decade is one of the oldest American cities and the first major inland city established prior to the American Revolution. At one time, it even served as the state capitol. 

Lancaster Employment and Economy

Lancaster homeowners enjoy a robust economy and thriving downtown art and music scene. Art galleries, boutique stores, eclectic eateries, the Fulton Opera House, the new Lancaster Clippers baseball stadium and Central Market keep the downtown district vibrant. Central Market is notable for being the oldest publicly owned, continuously operating farmer's market, dating back to the 1730s. 

Lancaster City, PA residential community benefits from having the regional Lancaster General Hospital, Franklin and Marshall College and adjacent Buchanan Park, a popular recreational spot, lying within the inner city district.  Lancaster real estate homebuyers can choose from a large stock of pre-World War II architecture in the inner city with peace of mind knowing that Lancaster has one of the lowest crime rates of any city of its size in the U.S.

Lancaster, PA residents consist of an even mix of white and blue collar workers extremely ethnically diverse with more than two-thirds claiming Hispanic or Latin origin. They are also younger in age and use public transit more often than most other Pennsylvania urban residents. Lancaster County rural workers occupy more than 5,400  farms  contributing  to annual sales of approximately $1.1  billion in agricultural products, leading all other counties in Pennsylvania.

Lancaster Homes for Sale

For the Lancaster County, PA homebuyer, there are more than 30 constituent neighborhoods to choose from.  The City of Lancaster touts that Lancaster homebuyers can get more house for less money than any other city in central Pennsylvania. Lancaster homes run the gamut from historic colonial homes to modern downtown condos.

Grandview Heights, Hamilton Park and Chestnut Hill are examples of the older colonial style neighborhoods of stately brick homes on tree-lined streets with the majority of homes built in the 1920s -1940s. 

The Bel Air and Wetherburn neighborhoods lying to the north of Lancaster City in coveted Manheim Township were primarily developed n the 1980s-1990s with bi-levels, split-levels and ranch-style homes predominating. Wetherburn is a standout community of upscale homes built in the neocolonial and colonial revival style. 

According to Housing Intelligence, Lancaster PA new home values saw a 14.8% lift year-over-year at $250,000 per unit. The most recent U.S. Department of Housing and Urban Development Comprehensive Housing Market Analysis reported that demand is expected for 3,275 new Lancaster PA homes during the next three years.

Prudential Homesale Services Group for Lancaster, PA Homes for Sale and Real Estate

Contact Prudential Homesale Services Group real estate agents to help you find your Lancaster home for sale or real estate needs.  Contact Prudential Homesale Services Group today.

Lancaster County Demographic Information

Population
2010 to 2012 Changeup 1.4%
2010 Count519,445
2012 Estimate526,823
2010 Estimate519,448
Age Distribution (Years Old)
0 to 46.7%
5 to 1724.3%
18 to 6453.3%
65 and Older15.7%
Gender
Male48.9%
Female51.1%
Ethnicity
White91.3%
White (not Hispanic)84.1%
Black4.5%
Native American0.4%
Asian2.0%
Native Hawaiian0.1%
Multi-Racial1.7%
Hispanic9.3%
Place of Birth
Foreign4.5%
US95.5%
Education
High School Graduate, Age 25+83.3%
Bachelor's Degree or Higher, Age 25+23.2%
Language
English is Second Language, Age 5+15.5%
English is First Language, Age 5+84.5%
Veterans
Veterans35,969
Income
Per Capita Income$26,141
Median Household Income$55,816
People in Poverty9.9%
Commute
Average Work Commute Time23 minutes
Housing
Total Housing Units204,747
Households192,681
Average Household Size2.60
Owner-Occupied70.1%
Multi-Family19.5%
Owner-Occupied Median Value$187,300
Building Permits
New Private Housing Issued 20121,160
Years at Residence
1 Year or More88.1%
Less Than 1 Year11.9%
Business and Employment
Private non-farm Establishments12,041
Private non-farm Employment210,772
Private non-farm Employment Growthup 1.7%
Nonemployer Establishments38,849
Number of Firms46,957
Business Ownership by Ethnicity and Gender
White94.4%
Black1.6%
Native American0.0%
Asian2.1%
Native Hawaiian0.0%
Hispanic1.9%
Female25.4%
Male74.6%
Business Production
Value of Shipments$13,269,853,000
Wholesale Trade$6,333,643,000
Retail Trade$6,542,276,000
Accommodation and Food Services$13,101
Sales Per Capita$763,937,000
Land
Land Area943.81 sq. miles
Population Per Square Mile551

Lancaster County Residential Market Trend Graphs

Average Days on Market

Graph: Average days on market

Average Property Price

Graph: Average Property Pice

Listing Inventory

Graph: Listing Count

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Lancaster, PA 17603
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