The typical owner-occupied home in Lampeter is worth about $422,900, 66% above the Pennsylvania median of $254,500 and 27% above the national median of $332,700. Owners pay a median $5,468 a year in property taxes, about 1.29% of their home's value, close to the Pennsylvania rate of 1.30%. The median household earns $101,667 a year, so the median home costs 4.2 times the median income (3.3 times for Pennsylvania). 55% of occupied homes here are lived in by their owners, and 76% of those owners still have a mortgage.
Lampeter at a glance
| Lampeter | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $422,900 | $254,500 | $332,700 |
| Median property tax paid per year | $5,468 | $3,311 | $3,119 |
| Property tax as a share of value | 1.29% | 1.30% | 0.94% |
| Median household income | $101,667 | $77,971 | $80,734 |
| Homes lived in by their owners | 55% | 69% | 65% |
| Owner homes with a mortgage | 76% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,975 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 19.4% | 21.0% |
| Median rent | $1,442 | $1,209 | $1,413 |
| Rent as a share of renters' income | 28.6% | 29.2% | 30.6% |
| Median year homes were built | 1994 | 1965 | 1980 |
| Vacant homes | 6.9% | 9.2% | 10.1% |
| Population | 2,140 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Lampeter
At this week's average 30-year rate of 7.11%, buying the median Lampeter home of $422,900 with 20% down costs about $2,907 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,611, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $124,574 for the 20%-down payment. That payment is 34% of the median Lampeter household income of $101,667; at that income and 20% down, the 28% guideline points to a home of about $345,000.
The median rent here is $1,442 a month, so owning the median home costs about $1,465 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,580 |
|---|---|
| Loan amount | $338,320 |
| Principal and interest | $2,276 |
| Property taxes (1.29% a year) | $455 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| PMI | $0 |
| Total per month | $2,907 |
Change the numbers in the calculator
| Down payment | $14,802 |
|---|---|
| Loan amount | $415,240 |
| Principal and interest | $2,793 |
| Property taxes (1.29% a year) | $455 |
| Homeowners insurance (our estimate, 0.5% a year) | $176 |
| FHA mortgage insurance | $187 |
| Total per month | $3,611 |
Change the numbers in the calculator
Questions about home buying in Lampeter
What is the median home value in Lampeter?
About $422,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lampeter?
Homeowners pay a median $5,468 a year, which is about 1.29% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Lampeter?
For the median home with 20% down at 7.11%, the payment is about $2,907 a month. Keeping that under 28% of gross income takes about $124,574 a year.
More about Lampeter
- Mortgage Refinance in Lampeter
- Debt Relief in Lampeter
- Home Equity Loans in Lampeter
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data