Median Home Price
$372,150.62
Median RentBETTER
$1,454.9/mo
Price-to-Rent Ratio
21.3
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+4.2%
Price Change (5Y)BETTER
+21.0%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$206,302
Median Home PriceBETTER
$228,588.5
Median Rent
$1,703.54/mo
Price-to-Rent RatioBETTER
11.2
Property Tax RateTIE
1.54%
Price Change (1Y)
+2.8%
Price Change (5Y)
+14.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,873
Key Differences
Home Prices
Lancaster's median home price of $372,150.62 is higher than Philadelphia's $228,588.5 by 63%.
Monthly Rent
Renting in Lancaster costs $1,454.9/mo compared to $1,703.54/mo in Philadelphia—a difference of $248.64/mo.
Buy vs Rent Verdict
Lancaster favors renting, while Philadelphia favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.