Lancaster County, Virginia Housing Market
In Lancaster County, Virginia, the median home value is $327,000, with a median monthly rent of $1,033. This places Lancaster County at #499 nationally out of 3134 counties by median home value, and #45 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,036
- Establishments: 526
- BLS QCEW, 2025
Housing Supply
- Single-family: 100
- Multi-family: 16
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 5,148 (avg $102,021)
- Outflow: 4,727 (avg $97,118)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Lancaster County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 22578 | 236.4 | -5.15% | 2025 |
| 2 | 22503 | 278.2 | +7.14% | 2025 |
| 3 | 22473 | 266.9 | +3.14% | 2025 |
| 4 | 22482 | 218.8 | +17.36% | 2023 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lancaster County Compares
| Metric | Lancaster County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $327,000 | $295,807 | $227,706 |
| Median Gross Rent | $1,033 | $1,169 | $968 |
| Owner Occupancy Rate | 81.5% | 70.8% | 73.3% |
| Price/Rent Ratio | 26.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Lancaster County is 10.5% above the Virginia state average and 43.6% above the U.S. national average. The median rent of $1,033/month is 11.6% below the state average.
With a price-to-rent ratio of 26.4, Lancaster County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Lancaster County has an owner-occupancy rate of 81.5%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Kane County | Illinois | $327,000 | $1,453 |
| Johnson County | Wyoming | $326,800 | $1,029 |
| Ramsey County | Minnesota | $326,600 | $1,329 |
| Paulding County | Georgia | $326,300 | $1,772 |
| Shelby County | Alabama | $326,100 | $1,401 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Gloucester County | $331,000 | $1,096 | 80.4% |
| Nelson County | $321,700 | $946 | 79.7% |
| Northampton County | $316,200 | $829 | 66.1% |
| King William County | $315,700 | $1,166 | 88.9% |
| Louisa County | $315,300 | $1,220 | 82.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).