Mortgage Payment Calculator for Lancaster, PA
Updated 2026 · Local data pre-filled
The median home price in Lancaster, PA is $270,000, with an effective property tax rate of 1.40% — higher than the national average of 1.10%. We've pre-filled the calculator with local figures so your estimate reflects what buyers actually pay in Lancaster.
✓ Calculator below is pre-filled with Lancaster local data
How Lancaster Compares to the National Average
Understanding how Lancaster stacks up helps you calibrate your financial planning.
| Metric | Lancaster, PA | US Average | Difference |
|---|---|---|---|
| Median Home Price | $270,000 | $420,800 | -35.8% |
| Median Monthly Rent | $1,150 | $1,713 | -32.9% |
| Median Household Income | $64,400 | $74,580 | -13.6% |
| Property Tax Rate | 1.40% | 1.10% | +27.3% |
| Cost of Living Index | 94 | 100 | -6.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Lancaster Financial Snapshot
- Population (Metro)
- 560,000
- Unemployment
- 3.4%
- Avg Commute
- 22 min
- Median Age
- 37.2
- Price-to-Rent Ratio
- 19.6x
- Annual Property Tax
- $3,780
Mortgage Payment Calculator in Other Pennsylvania Cities
Frequently Asked Questions — Lancaster
What is the median home price in Lancaster, PA?
The median home price in Lancaster is $270,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Lancaster?
Median monthly rent in Lancaster is $1,150. That works out to $13,800/year, or 21% of the median household income — within the commonly recommended 30% of income guideline.
Is Lancaster affordable?
Lancaster's cost of living index is 94 vs. the national average of 100. With a median household income of $64,400/year and a median home price of $270,000, the price-to-income ratio is 4.2x. Lancaster falls in the middle of the affordability spectrum for US cities.
What is the property tax rate in Lancaster?
The effective property tax rate in Lancaster is 1.40% of assessed value. On the median home of $270,000, that's roughly $3,780/year ($315/month).