Rent to own Homes in Lancaster, PA
Great local living! Lancaster prides itself in being a prime spot for people who like to live local. From the local goods found at the nationally recognized Lancaster Central Market to the local produce found at places like The Corn Wagon and other roadside stands, you can get all your food from inside the county.
Lancaster, PA is a great place for affordable rent-to-own homes! With a median household income of over $49,628 and a median rent of $920, the Lancaster, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lancaster, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lancaster, PA Property Resources
Rent to own Homes in Cities Near Lancaster, PA
- Akron
- Alleghenyville
- Avon
- Baumstown
- Blandon
- Bowmansville
- Cleona
- Denver
- Farmersville
- Fivepointville
- Fox Chase
- Frystown
- Goodville
- Hebron
- Kenhorst
- Lancaster
- Landingville
- Lebanon South
- Leola
- Lititz
- Manheim
- Mount Gretna
- Mount Penn
- Myerstown
- New Holland
- Newmanstown
- New Schaefferstown
- Oley
- Orwigsburg
- Paradise
- Penryn
- Pleasant Hill
- Quentin
- Ravine
- Reamstown
- Riverview Park
- Rothsville
- Schaefferstown
- Shartlesville
- Shillington
- Sinking Spring
- Smoketown
- Soudersburg
- South Temple
- Springmont
- Stevens
- Stony Creek Mills
- Strausstown
- Summit Station
- Swartzville
Neighborhoods in Lancaster, PA
Musser Park rent to own homes Cabbage Hill rent to own homes Churchtowne rent to own homes Conestoga Heights rent to own homes Stadium District rent to own homes College Park rent to own homes Ross rent to own homes East Side rent to own homes Lancaster Central Business District rent to own homes Mussertown rent to own homesPopular Zip Codes in Lancaster, PA
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Lancaster, PA is seeing rapid growth and Lancaster, PA's' housing market remains optimal with an average home price that is -41% below the 2024 national average. Lancaster, PA is part of Lancaster county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lancaster is 1.43% which is above the national average, which is 0.99%.
Median Home Price in Lancaster, PA
Median Rent in Lancaster, PA
Top 14 Reasons to Live in Lancaster
Steady housing market! While the national housing market bounced around through the recent difficult economic times, it rebounded highly. Lancaster, however, stayed relatively even throughout -- the median sales price of $147,000 today is only 3% more than it was in 2006. Areas like Eighth Ward and West End have demonstrated the ability to be steady over time.
Great access to the region! Lancaster is centrally located, with Harrisburg, Baltimore, Philadelphia and Washington D.C. all within two hours. Utilize the transportation options of Amtrak or Bieber Trailways out of the Lancaster Train and Bus Station to reach the region.
Great availability! With over 1,100 rent to own homes or for-sale homes on the market, you'll be able to scour through the neighborhoods of the Northwest Corridor and James Street neighborhoods for just the right house for your needs.
Artistically inclined! Every First Friday, the downtown area becomes a vast gallery for local artists, who take up presence on Gallery Row, the heartbeat of the artistic community. After you've soaked in some art, head over to Prince Street Cafe to talk about your favorites of the night.
Affordable space! With an average price per square foot of $103, and four-bedroom houses averaging a sale price of only $190,000, space is very affordable. Many of the larger houses can be found in the Blossom Hill and Eden Heights areas.
Never a lack of entertainment! From national acts at the historic Chameleon Club to intimate sets at Tellus360, Lancaster loves music. Not to be outdone, the theater thrives as well, with the Fulton Opera House -- the oldest continuously running theater in the United States -- being a mainstay for performances year round.
Boutiques or outlets? Choose from the hundreds of outlets at Tanger and Rockvale Outlets to the unique local stores downtown, such as Angry, Young and Poor. North Queen Street is home to tons of quirky shops, including antique stores.
Awesome place to grow! With an average rental price of only $690 per month, rent to own properties in the North Side and the Seventh Ward are great values. These prices are about average for the state, but in areas like the Duke Street and Queen Street neighborhoods, there are much cheaper rents for you to use to grow roots.
Surrounded by history! One of the most historic cities in the United States, it was the capital of Pennsylvania for 13 years and even the capital of the united colonies, albeit only for a day. Visit Wheatland, the estate of President James Buchanan, or Rock Ford Plantation, the home of General Edward Hand. There are 59 places in the city alone on the National Register of Historic Places.
Different neighborhoods with different personalities! Whether you want to find rent to own homes in busy downtown or a for sale by owner in laid-back, suburban Grandview Heights, each neighborhood has different personalities to fit what you are seeking. Each community is unique, so check out a few of them before settling in.
Craft libations! From the newly-founded Thistle Finch Distillery to the weird-beer artists at Spring House, Lancaster is paradise for fans of craft beer, craft liquor and locally made wine. There are 16 craft breweries within the county itself -- more than found in 15 states -- and there are beer festivals year-round.
Charming older homes or shiny new homes? Whether you're looking for a house with history, as found in the Cabbage Hill neighborhood, or new construction in Manor Township, you can buy or look for rent to own houses from any era you're looking for. With an 8.29% vacancy rate, the odds may be in your favor.
Great food and dining! Enjoy some pho from Rice and Noodles, some Lamb Vindaloo from Himalayan Curry, quality fish and chips from Quips Pub or farm-to-table dining at John J. Jeffries -- Lancaster has an incredible variety of dining options that are tasty and affordable.