LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,504
Monthly Cash Flow
-$703
Principal + Equity
$2,033
Annual Total Gain
$15,957
Cash on Cash
-10.96%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Places to Live in Pennsylvania
#410out of 1528 markets
Most Diverse Places to Live in Pennsylvania
#31out of 1528 markets
Best Places for Young Professionals in Pennsylvania
#171out of 1528 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lancaster, PA.
As of September 2021, Lancaster, PA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware that the city is considering implementing regulations in the future.
Investors should be prepared for potential changes in regulations that may impact their ability to operate an STR in Lancaster. This could include restrictions on the number of days a property can be rented out, zoning requirements, and licensing fees.
It is recommended that investors stay informed about any updates to STR regulations in Lancaster and consider consulting with a real estate attorney or local property management company for guidance on compliance with any future regulations. Additionally, investors should be aware of any homeowner association rules or restrictions that may apply to STRs in their specific neighborhood.
Overall, while Lancaster currently does not have specific regulations in place for STRs, investors should be prepared for potential changes in the future and ensure they are in compliance with any new regulations that may be implemented.
Market Trends Over Time
Explore 25 years of market data for Lancaster, PA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lancaster, PA.
The LTR Genie Score of Lancaster, PA is 59 and STR Genie Score is 73. The LTR Rentability is low, which may be impacting the LTR Genie Score. However, the LTR Net ROI of 20.73% is still attractive for long-term rental investors. On the other hand, the STR Genie Score of 73 indicates a high potential for short-term rental investment, with a higher Net ROI of 34.28%. The 1-Year Price Appreciation Forecast of 2.57% suggests a stable market with potential for growth. The STR Occupancy rate of 58.62% and STR Revenue of 2792 are also positive indicators for short-term rental investors.
Lancaster, PA is known for its rich history, vibrant arts scene, and strong sense of community. The city offers a mix of urban amenities and suburban charm, making it an attractive location for real estate investment. With a growing population and diverse economy, Lancaster presents opportunities for both long-term and short-term rental investors.
In conclusion, based on the metrics provided, Lancaster, PA appears to be a more attractive market for short-term rental investment due to its higher STR Genie Score, Net ROI, and occupancy rate. However, long-term rental investors may still find opportunities in the market, especially considering the stable LTR Net ROI and potential for price appreciation. It may be beneficial for investors to consider a combination of both long-term and short-term rental properties in Lancaster to diversify their portfolio and maximize returns.
LTR Genie Score 78
$172,000
🛏 4 Beds🛁 2.0000 Baths🏙 1,092 sqft.🏠 SINGLE FAMILY
