Home/Virginia/Lancaster County

Lancaster County Housing Market

Virginia · 133 counties · Ranked #2678 in home value

Above National Avg

Housing at a Glance

Median Home Value

$307,600

vs national+$307,600 vs $281,900 national

Median Gross Rent

$978/mo

vs national$978 vs $1,163 national

Effective Tax Rate

0.49%

vs national0.49% vs 1.02% national

Median Household Income

$67,169

vs national$67,169 vs $74,755 national

Affordability Ratio

4.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,508

Tax as % of Home Value

0.49%

Monthly Owner Cost

$917

Renter Income

$45,718

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$226+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Lancaster County. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Lancaster County?

The median home value in Lancaster County is $307,600. This is above the national median of $281,900.

How much is rent in Lancaster County?

The median gross rent in Lancaster County is $978 per month.

What is the property tax rate in Lancaster County?

The effective property tax rate in Lancaster County is 0.49%. The median annual property tax bill is $1,508.

Is Lancaster County affordable?

With a home-value-to-income ratio of 4.6x, Lancaster County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.