Financial Security
Median Home Value

Maintaining


Median Home Value

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What does this measure?

The home value reported by the homeowner to the Census Bureau, adjusted for inflation to 2018 dollars. The median represents the mid-point of home values (half the values are above the median and half below).

Why is this important?

A home is usually a person's or family's highest-valued possession. Home values are also an indicator of the region's cost of living, relative wealth, and general prosperity.

How does our county compare?

In 2014-18, the median home value for Lancaster County was $204,031, above the statewide median of $177,255 and slightly below the national median of $208,613. This represents a 12% increase since 2000, compared to a 22% state and national increase.

After Chester County, at $353,288, Lancaster County had the second highest median home value of surrounding counties, above Berks ($177,356), Cumberland ($201,486), Dauphin ($168,193), Lebanon ($172,266) and York ($176,338).

The City of Lancaster has median home values significantly below the County's median, at $113,826, a 3% increase from 2000.

Notes about the data

Figures for the region and surrounding counties were calculated by aggregating county medians based on each county's share of the region's population. Data are presented in 2018 dollars. Multi-year figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. The survey provides data on characteristics of the population that used to be collected only during the decennial census.

Because of limitations in available data, figures for 2000 are for single-family homes, but figures for ACS five years are for all owner-occupied housing units. For most counties in New York, the difference is not large enough to affect analysis of trends. Data for this indicator are expected to be released in the fourth quarter.

Median Home Value
20002009-132014-18
Pennsylvania$145,476$180,749$177,255
Lancaster County$181,538$206,539$204,031
Lancaster City$110,335$115,890$113,826
Lancaster County Boroughs
Adamstown borough$167,267$219,269$204,031
Akron borough$172,177$177,676$193,239
Columbia borough$114,324$111,061$104,663
Denver township$158,213$180,420$163,612
East Petersburg borough$170,336$183,163$184,891
Elizabethtown borough$170,336$185,687$173,488
Ephrata borough$151,307$169,884$155,263
Lititz borough$160,975$202,588$192,628
Manheim borough$154,837$176,579$159,336
Marietta borough$135,962$126,645$132,152
Millersville borough$173,405$185,358$168,295
Mount Joy borough$161,589$169,774$171,859
Mountville borough$163,277$180,749$190,694
New Holland borough$179,696$186,126$203,013
Quarryville borough$183,226$200,722$197,821
Strasburg borough$187,523$221,903$208,205
Terre Hill borough$166,806$220,586$195,479
Lancaster County Townships
Bart township$218,367$260,423$248,828
Brecknock township$206,705$247,144$221,950
Caernarvon township$218,060$270,300$263,795
Clay township$185,374$220,257$223,477
Colerain township$229,109$280,726$326,613
Conestoga township$185,221$208,953$207,900
Conoy township$182,459$197,540$187,639
Drumore township$197,344$235,950$243,738
Earl township$215,298$242,315$272,449
East Cocalico township$184,454$211,477$195,377
East Donegal township$174,019$192,711$194,461
East Drumore township$209,313$238,255$229,891
East Earl township$195,349$248,242$259,111
East Hempfield township$221,436$249,229$251,985
East Lampeter township$193,201$219,050$244,960
Eden township$197,344$245,169$244,552
Elizabeth township$195,656$222,013$209,834
Ephrata township$182,152$224,317$208,816
Fulton township$173,405$192,930$218,896
Lancaster township$170,950$185,468$176,440
Leacock township$233,866$277,324$285,990
Little Britain township$215,298$259,984$246,080
Manheim township$211,769$248,900$235,898
Manor township$177,088$193,918$190,490
Martic township$197,190$205,222$223,172
Mount Joy township$187,369$219,050$217,470
Paradise township$196,577$219,050$253,817
Penn township$187,830$235,072$216,554
Pequea township$190,745$217,184$229,586
Providence township$159,901$204,893$165,241
Rapho township$192,894$218,391$215,536
Sadsbury township$213,917$273,373$242,720
Salisbury township$201,794$271,068$272,042
Strasburg township$227,421$253,839$255,446
Upper Leacock township$204,096$230,792$224,495
Warwick township$197,497$226,622$233,658
West Cocalico township$191,973$218,720$206,475
West Donegal township$198,878$206,100$227,855
West Earl township$191,819$204,015$215,638
West Hempfield township$185,221$211,587$206,678
West Lampeter township$208,853$244,510$247,301
Berks County$160,208$187,224$177,356
Chester County$274,532$356,888$353,288
Cumberland County$178,776$202,478$201,486
Dauphin County$151,461$174,274$168,193
Lebanon County$152,228$180,310$172,266
York County$166,039$191,175$176,338

Source: U.S. Census Bureau
Notes: Figures in 2019 dollars. Multiyear results are from rolling American Community Survey. * Margin of error between 20% & 35% of estimate; ** margin of error between 35% & 50%; *** margin of error greater than 50%.








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