Department of Numbers

Lancaster County Pennsylvania Residential Rent and Rental Statistics

The median monthly gross residential rent in Lancaster County PA was $977 in 2017 according to the Census ACS survey.1 Average gross rent in Lancaster County was $1,002 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Lancaster County median and average rent data will be released in September of 2019.

Data is also available below for Lancaster County rental vacancy rates, Lancaster County rent as a percent of median income and the fraction of renters in Lancaster County.

Show dollars as: Nominal Real

Real Gross Rent in Lancaster County Pennsylvania (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Pennsylvania Median Gross Rent $893 -0.22% +2.88%
Lancaster County PA Median Gross Rent $977 +0.51% +6.78%

Lancaster County PA Real Gross Rent Trends

At $977, real median gross rent in Lancaster County was at its highest level in 2017 since the series began in 2005. Average gross rent for Lancaster County peaked in real terms in 2016 at $1,007 and is now $5 (0.50%) lower.

Real Gross Rent: Lancaster County PA Median, Lancaster County PA Average, Pennsylvania Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lancaster County

Date US
Median
Pennsylvania
Median
Lancaster County PA
Median
Lancaster County PA
Average
2017 $1,012 $893 $977 $1,002
2016 $996 $895 $972 $1,007
2015 $987 $893 $968 $999
2014 $956 $868 $915 $932
2013 $924 $846 $915 $932
2012 $912 $823 $905 $943
2011 $912 $823 $874 $904
2010 $927 $827 $891 $904
2009 $931 $816 $861 $895
2008 $947 $834 $903 $949
2007 $899 $781 $827 $827
2006 $909 $791 $847 $863

Lancaster County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Lancaster County Pennsylvania was 2.94% according to Census ACS data.

Rental Vacancy Rate in Lancaster County Pennsylvania

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Pennsylvania 5.84% +0.07% -0.56%
Lancaster County PA 2.94% -0.67% -2.37%

Trends in Lancaster County PA Rental Vacancy Rate

The rental vacancy rate in Lancaster County peaked in 2014 at 5.31%. Since then it has fallen by 2.37% to 2.94%. Data records for this series originated in 2005.

Rental Vacancy Rate: Lancaster County PA, Pennsylvania, US

Rental vacancy rate in Pennsylvania

Historical Rental Vacancy Rate data for Lancaster County

Date US Pennsylvania Lancaster County PA
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%
2008 7.86% 6.65% 4.34%
2007 7.87% 7.34% 4.61%
2006 7.70% 8.09% 4.13%

Rent as a Fraction of Income

Using median household income data for Lancaster County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lancaster County, median monthly gross rent as a fraction of median household income was 18.49% in 2017 according to the ACS.

Lancaster County Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Pennsylvania 18.10% -0.47% -1.01%
Lancaster County PA 18.49% -0.23% -0.20%

Trends in Lancaster County PA Rent as a Fraction of Income

The fraction of median Lancaster County 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 0.72% to 18.49%.

Fraction of Income towards Rent: Lancaster County PA, Pennsylvania, US

Percent of median household income going towards median monthly gross rent in Lancaster County Pennsylvania

Historical Data for Annual Rent as a Fraction of Income in Lancaster County Pennsylvania

Date US Pennsylvania Lancaster County PA
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%
2008 19.00% 17.18% 16.89%
2007 18.66% 16.92% 16.51%
2006 18.90% 17.22% 16.39%

Renter Fraction in Lancaster County Pennsylvania

You can calculate the renter fraction in Lancaster County 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 County as a fraction of total Lancaster County households. In 2017 33.07% of households were renters according to Census ACS data.

Lancaster County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Pennsylvania 31.70% +0.20% +0.53%
Lancaster County PA 33.07% +0.69% +0.84%

Trends in the Lancaster County PA Renter Fraction

At 33.07%, the 2017 household based renter fraction in Lancaster County was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Lancaster County PA, Pennsylvania, US

Fraction of renters in Lancaster County

History of Lancaster County Renter Fraction

Date US Pennsylvania Lancaster County PA
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%
2008 33.36% 29.15% 29.40%
2007 32.80% 28.36% 29.36%
2006 32.73% 28.28% 29.29%

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.