Find property management in Lancaster, PA
Learn what to look for, compare Lancaster management companies, and get free quotes.
The response from my new manager was super and I expect a great working relationship with her company. - Rhonda M.
Lancaster Property Managers (33)
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Market Info
Lancaster Management Companies
If you are a landlord or board member of an association, you appreciate first hand the vital significance of being organized and following best practices for the sustained health and competitiveness of your investment or community. For this reason many Lancaster, PA owners and HOA boards hire a full-time property manager for help. We hope the list of Lancaster, PA property managers below can aid your search and help you make an informed determination about who to hire.
Our goal is to give landlords the knowledge and tools you need to make an informed decision about working with a property manager. In case you're interested, here are some important questions to ask about when assessing your fit with a property management firm. Supposing you haven't seen what clauses typically appear in management contracts, you might want to review our research on important clauses in property management contracts. Hopefully you find our Lancaster, PA directory and property management hiring guide helpful!
Housing Market Stats
| Lancaster | Pennsylvania | U.S. | |
|---|---|---|---|
| Median Home Value | $180,600 | $156,900 | $192,400 |
| Owner Costs > 30% Income | 15.8% | 13.9% | 14.7% |
| Gross Rent > 30% Income | 17.1% | 19% | 19.2% |
Lancaster, PA Housing Market Stats
As of 2008, the rental vacancy rate in Lancaster, PA stood at 4%, relatively low compared to the rest of the country. There are about 193,774 housing units, averaging $180,600 in value, 30% of which are occupied by renters. The rent to price ratio in Lancaster, PA is 0.4%, slightly lower than the Pennsylvania average. For 17% of Lancaster, PA tenants, 30% or more of their income goes to paying rent.
Demographic Stats
| Lancaster | Pennsylvania | U.S. | |
|---|---|---|---|
| Avg Commute Time (minutes) | 21.9 | 25 | 25.3 |
| Median Age | 37.5 | 39 | 36.7 |
| Avg Household Size - Owners | 2.73 | 2.57 | 2.7 |
| Avg Household Size - Renters | 2.23 | 2.08 | 2.42 |
| Median Household Income | $55,123 | $49,305 | $52,175 |
| Per Capita Income | $26,084 | $27,281 | $27,466 |
Lancaster Demographic Info
Lancaster has a population of 497,882, comprised of 185,685 households, with on average 3 members per household. Out of approximately 259,792 people in the civilian workforce, 249,291 (96%) were employed in 2008. 81% of the population 25 and older has earned a high school diploma, with 23% holding a 4 year college degree.