Welcome to our 17602 real estate data hub, tailored for investors in Lancaster, PA. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 17602 in Lancaster, PA. Discover Section 8 housing opportunities and challenges to maximize your investment potential in LANCASTER COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Lancaster, PA real estate investing. Uncover the wealth of information available, and position yourself for success in the Lancaster property market.
-
Location Overview
- Zip Code: 17602
- City: Lancaster
- State: PA
- Metro Area: Lancaster, PA
- County Name: LANCASTER COUNTY
-
Real Estate Market Snapshot
- Average Home Price (All Types): $272,420
- Average Home Price (Single Family Homes): $272,047
- Average Monthly Rental Price (All Types): $1,251
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 0.7%
-
Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,310
- Average 3 Bedroom Section 8 Rental Rates: $1,660
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.33
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.68
- Number of Units Offered in Section 8 in the County: 2114
- Number of Occupied Units in Section 8 in the County: 2032
- Percentage of Section 8 Units Occupied in the County: 96.09999847%
-
Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 183.05
- Total % Appreciation since 2000 (Government Data): 148.8
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.92%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 7.56%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 37.56%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 56.22%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 92.92%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.56%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 160.53%
-
Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.97%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 13.4%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 41.96%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 49.57%