The city of Lancaster is located in the state of Pennsylvania. It is situated in the south central portion of the state. Lancaster is one of the top ten largest cities in Pennsylvania, maintaining a population of over 55,300 individuals. The surrounding metropolitan area is home to almost 500,000 people. The quaint city is known for its beautiful architecture.
It contains a variety of entertainment opportunities for residents, including concert halls, art exhibits, museums, and restaurants. New clubs, boutiques, and stores are currently being built throughout the city center, to provide residents with additional variety, boost the economy, and create new jobs. In recent years, unemployment has become a serious problem in Lancaster. Nevertheless, many individuals are attracted to the city and seek suitable Lancaster real estate.
Lancaster real estate is affordable, making the metropolitan city center attractive to individuals who want to live in a city-like atmosphere, but who cannot afford the cost of living in more expensive cities, such as Philadelphia, Seattle, and New York City. Many homes that are available in Lancaster cost less than the average property price within the United States.
The median cost of Lancaster real estate is roughly $145,000, while the average asking price for homes in this city is about $218,400. An individual can locate a three or four bedroom home in Lancaster, for under $200,000. However, it is important for an individual to ensure that he/she can obtain employment in the city, if necessary, before purchasing Lancaster real estate.