Are There Cheap Houses for Sale in Lancaster, PA?
For most people in the housing market, price is one of the biggest factors to consider when it comes to buying a home. Everyone makes a checklist of what they want in a house: number of bedrooms, number of bathrooms, updated kitchen, an open floor plan. The list goes on and on. Some buyers want a new home that’s in move-in condition. Others are looking for a fixer-upper that they can make their own. But all buyers look at the price. It is critical for buyers to choose a house that is affordable. After all, no one wants to struggle every month to make the mortgage payment or worry about the bank foreclosing on the house. For potential home buyers in Pennsylvania, the good news is that the Lancaster area is relatively affordable. If you are looking for cheap houses in Lancaster, PA, you are sure to find one that is right for you.
Cost Of Living In Lancaster, PA
When it comes to calculating the average cost of living for any area, housing cost is the driving factor. Both the cost of living and the average home price in Lancaster, PA, are below the national average, making it a great place to live and to buy a house. The average cost of living, which takes into account the prices of goods and services, groceries, healthcare, transportation, and utilities, as well as housing costs, is 8% lower than the national average. So for everyday living, it is cheaper to live in the Lancaster area than much of the rest of the United States. Even better news for homeowners is that housing prices in Lancaster are even lower than that when compared to the rest of the country. The housing index is 33% lower than the national average. The average home price in Lancaster, PA, is just $137,600. That is significantly lower than the average home price for the rest of Pennsylvania, which is $174,000. It is also significantly lower than the average home price for the United States as a whole, which is $219,700.
Cheap Houses For Sale in Lancaster, PA
If you are entering the housing market in Lancaster, PA–especially if you are a first-time buyer–you might be wondering just what these cheap houses for sale in Lancaster, PA, are like. Everyone likes a bargain, but no one wants to live in a dump! But many of the cheap houses available in Lancaster are quality homes, and there is a wide variety in terms of home style and size. Homes that are currently on the market include both townhouses and single-family homes. Some are on the cozy side with just 1200 square feet. Others are as large as 2400 square feet. There are homes with two, three, four, and even five bedrooms, some with just one bath, others with two bathrooms. Some homes are in urban areas while others are in more traditional residential neighborhoods. With such a varied selection in terms of size, style, and location, there is something out there for every buyer. And with prices starting well below $100,000, there is sure to be something available at every price point. For affordable living, look at Lancaster.