Lancaster, PA home prices
Typical home $386,393 · +4.3% in a year · income needed $115,600
The Lancaster, PA metro area ranks 168 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.3% in a year and +34.7% over five years. With 20% down at 7.11%, the typical home costs about $2,698 a month including 1.32% property tax (Lancaster County rate).
Mortgage on the typical Lancaster home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $77,279 | $309,115 | $2,079 | $0 | $618 | $2,698 | $115,600 |
| 10% down | $38,639 | $347,754 | $2,339 | $145 | $618 | $3,103 | $133,000 |
| 5% down | $19,320 | $367,074 | $2,469 | $153 | $618 | $3,241 | $138,900 |
| 3.5% down (FHA) | $13,524 | $379,395 | $2,552 | $171 | $618 | $3,341 | $143,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.32% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Lancaster area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lancaster County, PA | $386,389 | +4.3% | 1.32% |
What can you afford in Pennsylvania on your salary? · Pennsylvania home prices · Salaries in Pennsylvania
Frequently asked questions
How much is a house in Lancaster?
The typical home in the Lancaster, PA metro area is worth $386,393 (Zillow, September 2026).
What salary do you need to buy a house in Lancaster?
About $115,600 a year for the typical home with 20% down at 7.11%.