Lancaster Pennsylvania Residential Rent and Rental Statistics
The median monthly gross residential rent in Lancaster, PA (the Lancaster metro area) was $1,046 in 2019 according to the Census ACS survey.1 Average gross rent in Lancaster was $1,086 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Lancaster median and average rent data will be released in September of 2021.
Data is also available below for Lancaster rental vacancy rates, Lancaster rent as a percent of median income and the fraction of renters in Lancaster.
Real Gross Rent in Lancaster Pennsylvania (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Pennsylvania Median Gross Rent | $951 | +0.74% | +3.03% |
| Lancaster, PA Median Gross Rent | $1,046 | +5.34% | +4.39% |
Lancaster, PA Real Gross Rent Trends
At $1,046, real median gross rent in Lancaster was at its highest level in 2019 since the series began in 2005. At $1,086, real average gross rent in Lancaster was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Lancaster: Lancaster PA Median, Lancaster PA Average, Pennsylvania Median, US Median
Real Gross Rent History for Lancaster
| Date | US Median |
Pennsylvania Median |
Lancaster, PA Median |
Lancaster, PA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $951 | $1,046 | $1,086 |
| 2018 | $1,077 | $944 | $993 | $1,016 |
| 2017 | $1,043 | $921 | $1,007 | $1,033 |
| 2016 | $1,027 | $923 | $1,002 | $1,039 |
| 2015 | $1,017 | $921 | $998 | $1,030 |
| 2014 | $986 | $895 | $944 | $961 |
| 2013 | $953 | $872 | $944 | $961 |
| 2012 | $940 | $849 | $933 | $972 |
| 2011 | $941 | $849 | $901 | $932 |
| 2010 | $955 | $853 | $919 | $932 |
| 2009 | $960 | $841 | $888 | $923 |
| 2007 | $927 | $805 | $853 | $853 |
| 2005 | $910 | $809 | $886 | $865 |
Lancaster Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Lancaster Pennsylvania was 2.62% according to Census ACS data.
Rental Vacancy Rate in Lancaster Pennsylvania
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Pennsylvania | 4.87% | -0.42% | -0.90% |
| Lancaster, PA | 2.62% | -0.11% | -0.99% |
Trends in Lancaster, PA Rental Vacancy Rate
The rental vacancy rate in Lancaster peaked in 2014 at 5.31%. Since then it has fallen by 2.69% to 2.62%. Data records for this series originated in 2005.
Rental Vacancy Rate: Lancaster PA, Pennsylvania, US
Historical Rental Vacancy Rate data for Lancaster
| Date | US | Pennsylvania | Lancaster, PA |
|---|---|---|---|
| 2019 | 5.97% | 4.87% | 2.62% |
| 2018 | 6.15% | 5.29% | 2.73% |
| 2017 | 6.18% | 5.84% | 2.94% |
| 2016 | 5.89% | 5.77% | 3.61% |
| 2015 | 5.85% | 5.77% | 3.34% |
| 2014 | 6.32% | 6.40% | 5.31% |
| 2013 | 6.49% | 5.78% | 5.04% |
| 2012 | 6.77% | 5.88% | 3.73% |
| 2011 | 7.40% | 6.13% | 3.89% |
| 2010 | 8.17% | 6.47% | 4.29% |
| 2009 | 8.43% | 6.80% | 3.52% |
| 2007 | 7.87% | 7.34% | 4.61% |
| 2005 | 7.74% | 7.94% | 3.58% |
Rent as a Fraction of Income
Using median household income data for Lancaster, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lancaster, median monthly gross rent as a fraction of median household income was 18.63% in 2019 according to the ACS.
Lancaster Pennsylvania Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Pennsylvania | 17.98% | -0.28% | -0.60% |
| Lancaster, PA | 18.63% | +0.98% | -0.09% |
Trends in Lancaster, PA Rent as a Fraction of Income
The fraction of median Lancaster household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 19.21%. Since then it has fallen by 0.58% to 18.63%.
Fraction of Income towards Rent: Lancaster PA, Pennsylvania, US
Historical Data for Annual Rent as a Fraction of Income in Lancaster Pennsylvania
| Date | US | Pennsylvania | Lancaster, PA |
|---|---|---|---|
| 2019 | 20.03% | 17.98% | 18.63% |
| 2018 | 20.50% | 18.26% | 17.65% |
| 2017 | 20.13% | 18.10% | 18.49% |
| 2016 | 20.43% | 18.58% | 18.72% |
| 2015 | 20.63% | 18.70% | 19.05% |
| 2014 | 20.89% | 19.12% | 18.69% |
| 2013 | 20.78% | 19.11% | 18.89% |
| 2012 | 20.65% | 18.69% | 19.21% |
| 2011 | 20.70% | 18.78% | 18.75% |
| 2010 | 20.50% | 18.58% | 19.06% |
| 2009 | 20.12% | 17.88% | 16.79% |
| 2007 | 18.66% | 16.92% | 16.51% |
| 2005 | 18.89% | 17.43% | 17.26% |
Renter Fraction in Lancaster Pennsylvania
You can calculate the renter fraction in Lancaster in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Lancaster as a fraction of total Lancaster households. In 2019 30.38% of households were renters according to Census ACS data.
Lancaster Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Pennsylvania | 31.59% | +0.19% | +0.09% |
| Lancaster, PA | 30.38% | -2.23% | -2.00% |
Trends in the Lancaster, PA Renter Fraction
The Lancaster household renter fraction peaked in in 2017 at 33.07% and is now 2.69% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lancaster PA, Pennsylvania, US
History of Lancaster Renter Fraction
| Date | US | Pennsylvania | Lancaster, PA |
|---|---|---|---|
| 2019 | 35.89% | 31.59% | 30.38% |
| 2018 | 36.05% | 31.40% | 32.61% |
| 2017 | 36.13% | 31.70% | 33.07% |
| 2016 | 36.88% | 31.50% | 32.38% |
| 2015 | 36.97% | 31.28% | 32.61% |
| 2014 | 36.90% | 31.17% | 32.23% |
| 2013 | 36.50% | 31.05% | 31.41% |
| 2012 | 36.09% | 31.09% | 30.95% |
| 2011 | 35.42% | 30.51% | 30.00% |
| 2010 | 34.65% | 29.87% | 30.44% |
| 2009 | 34.13% | 29.48% | 30.24% |
| 2007 | 32.80% | 28.36% | 29.36% |
| 2005 | 33.10% | 28.52% | 30.43% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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