Lancaster Homes under $500,000

Lancaster Homes under $500,000

Welcome to Lancaster, Pennsylvania—a charming city that beautifully blends rich history with modern living. Nestled in the heart of Lancaster County, this vibrant community is known for its picturesque landscapes, friendly neighborhoods, and a strong sense of local culture. With its historic downtown, bustling farmers' markets, and an array of local shops and restaurants, Lancaster offers a unique lifestyle that appeals to families, young professionals, and retirees alike.

One of the most enticing aspects of Lancaster is its diverse real estate market, particularly for those seeking homes under $500,000. Whether you're a first-time homebuyer or looking to downsize, you'll find a variety of options that cater to different tastes and needs. From charming row homes in the city to spacious single-family residences in the suburbs, Lancaster's housing market is both affordable and accessible.

The homes in this price range often feature beautiful architectural details, modern amenities, and ample outdoor space for family gatherings or gardening. Many properties are located within walking distance of local parks, schools, and vibrant community events, making it easy to enjoy the best of what Lancaster has to offer.

In addition to its affordable housing options, Lancaster is well-known for its strong sense of community, excellent schools, and a variety of recreational activities. With easy access to major highways and public transportation, commuting to nearby cities like Philadelphia or Harrisburg is a breeze.

Discover the charm of Lancaster, PA, and explore the wonderful homes available under $500,000—your dream home awaits!

Newest Lancaster Homes under $500,000

no property photo
$189,000
2 Beds ⋅ 1 Baths
What an opportunity! Calling all investors to this home in the beautiful Chestnut hill section of Lancaster city. Just minutes from downtown, shopping, dining, and major routes. Tons of potential. Buyer must show proof of funds to cover the purchase and rehabilitation of the property at time of offer. No liens are allowed on the property for financing. Offers will be reviewed as they are received.

415 Lancaster Ave, Lancaster

Listing courtesy of RE/MAX SmartHub Realty. Contact:

108 Joseph Rd, Lancaster
$399,900
4 Beds ⋅ 3 Baths
Welcome to 108 Joseph - this beautifully updated rancher featuring four bedrooms and two and a half baths. Step inside to a bright living room with a beautiful bay window that floods the space with natural light and new LVP flooring. The living area flows into a dining space with double glass doors leading to a brand new deck that overlooks a spacious backyard, partially fenced and complete with a storage shed. Inside, the kitchen shines with two-tone cabinetry, quartz countertops, and new appliances, perfect for everyday living. The back bedrooms offer plush new carpet. While the primary suite includes a private updated half bath. The shared hall bath features a new vanity, flooring, and a tiled tub shower combo. Downstairs, enjoy additional finished living space, including a spacious living room area and bedroom with a large walk-in closet and a fully updated bathroom. The bath features new flooring, a walk-in shower, and new vanity. Perfect for guests or a private retreat. A one car garage adds convenience with inside access. Major updates include a new roof and new windows! Plus natural gas heating and a natural gas hot water heater, a great bonus for energy efficiency and year-round comfort. Located in Manor Township, just minutes from downtown Lancaster, this home offers easy access to shopping, dining, and local attractions. A convenient yet peaceful spot close to everything the Lancaster area has to offer. With all these updates, this home is truly move-in ready. Don't wait, see for yourself - contact us today!

108 Joseph Rd, Lancaster

Listing courtesy of Keller Williams Elite. Contact:

Lancaster
$380,000
6 Beds ⋅ 2 Baths
Two homes, one deed, and a setting you need to see in person! Located in the Lampeter-Strasburg School District, this unique property features two homes, each offering 3 bedrooms and 1 full bath. Both homes need some TLC, creating an opportunity to bring them back to life with your vision and updates. Views of Mill Creek right outside the windows make the setting a standout. If you’re looking for a property with character, potential, and a memorable view, schedule your showing and explore the possibilities.

Lancaster

Listing courtesy of Keller Williams Keystone Realty. Contact:

832 N Reservoir St, Lancaster
$224,900
3 Beds ⋅ 1 Baths
And the winning numbers are...3-1-1-2-2-5! 3 light and bright bedrooms, 1 updated bathroom, 1 car garage, for UNDER $225,000, nestled right in the heart of the desirable and welcoming Ross Neighborhood of Lancaster City!! This...is 832 N. Reservoir Street. Whether you're looking for your first home, or a perfect addition to your portfolio, 832 N. Reservoir is the perfect choice. What about convenience you ask? How about being located close to EVERYTHING you'll need! Just about a mile to the Lancaster Train Station, and minutes from The Shops at Belmont, Home Goods, Home Depot, plus so much more!! A short 3 minute walk to Sixth Ward Park, with something to do for the entire family! Step onto the spacious covered front porch, and into to the warm, inviting first level living room featuring hardwood floors, and a dual-fuel fireplace. Next up is the kitchen featuring a gas range, and efficient layout with eat-in breakfast counter. Upstairs the hardwood floors continue, leading you to three light and bright bedrooms. The rear bedroom adds the bonus of a balcony, perfect for reading or just enjoying some quiet time. And what about energy efficiency? With vinyl replacement windows throughout, and a brand new natural gas furnace (6/2026), you're all set! Outside you'll love the fenced, level backyard with off-street parking AND your very own 1 car garage!! 832 N. Reservoir Street is ready for the next owner to make it their own. Schedule your showing today, and get ready to call it home!

832 N Reservoir St, Lancaster

Listing courtesy of Coldwell Banker Realty. Contact:

555 Burrowes Ave, Lancaster
$235,000
3 Beds ⋅ 1 Baths
Welcome to this charming and well-maintained 3-bedroom, 1-bath home in Lancaster City. Featuring fresh new paint throughout and beautiful hardwood floors, this home offers a clean, bright, and inviting atmosphere that is ready for its new owners. The main living areas provide comfortable space for relaxing and entertaining, while the three bedrooms offer flexibility for family, guests, a home office, or additional living needs. The hardwood flooring adds warmth and character throughout the home, while the fresh paint gives the interior a refreshed and modern feel. With its combination of updated finishes, functional living space, and convenient location, this home is a wonderful opportunity for anyone looking to make Lancaster City their home. Schedule your showing today and come see all that this property has to offer!

555 Burrowes Ave, Lancaster

Listing courtesy of United Real Estate Strive 212. Contact:

364 E Liberty St, Lancaster
$259,000
3 Beds ⋅ 2 Baths
Discover the charm of this 3-bedroom, 1.5-bath home nestled in the heart of Lancaster City Ward 6. Built in 1925, this residence boasts a cozy fireplace, perfect for creating warm memories. The full basement offers ample storage or potential for additional living space. Enjoy the convenience of alley parking and a low-maintenance lot, allowing you to spend more time exploring the vibrant community with off street parking. updates throughout the property kitchen,laudry,furnace conversioin, bathrooms.This neighborhood is rich in amenities, with nearby parks providing green spaces for recreation and relaxation. Local shops, cafes, and cultural attractions are just a short stroll away, fostering a sense of community and connection. Experience the best of city living with easy access to public services and transportation options. This property is not just a home; it's an opportunity to embrace a lifestyle filled with convenience and community spirit. Don't miss your chance to make it yours!

364 E Liberty St, Lancaster

Listing courtesy of Coldwell Banker Realty. Contact:

10 Locust St, Lancaster
$219,900
3 Beds ⋅ 1 Baths
Check out this stunning 3-bedroom, 1-bath home nestled in Downtown Lancaster, walkable to all the amenities that the city has to offer. This home pairs historic character with the conveniences of modern life. The first floor features a spacious living room, a dining room, and an updated kitchen. On the second floor you will find two bedrooms, a laundry area, and a nicely updated full bath. The third floor offers a third bedroom that could also be used as a family room or office. The rear exterior boasts a lovely fenced-in backyard, ready to be made into your outdoor oasis. This beautiful home has immense potential. It has been completely updated in the past few years, including a new roof and privacy fence in 2025. Don’t miss out on this opportunity! Call now to schedule your showing.

10 Locust St, Lancaster

Listing courtesy of Iron Valley Real Estate of Lancaster. Contact:

no property photo
$329,900
3 Beds ⋅ 2 Baths
Move-in ready single family home located in a beautiful, desirable neighborhood! This charming property offers 3 bedrooms, 2 full baths, and gorgeous hardwood floors throughout. The updated kitchen and central air conditioning are just a few highlights of this fantastic home. Downstairs, you will find a full walk-out basement that is unfinished but already features a completed full bathroom - offering incredible potential for extra living space. The outdoor living experience is unmatched, boasting a full fenced-in backyard with a massive storage shed and an expanded cover patio perfect for entertaining. Don't miss out on this fantastic opportunity!

404 Hilton Dr, Lancaster

Listing courtesy of Cavalry Realty, LLC. Contact:

1230 Country Club Dr, Lancaster
$469,000
4 Beds ⋅ 3 Baths
Welcome to 1230 Country Club Drive, a custom-built, one-owner home in Lancaster’s desirable Country Club Estates. Offering four bedrooms, two and a half baths, and approximately 2,164 square feet of living space on a 0.41-acre corner lot, this spacious split-level combines original character with the opportunity to make it your own. Built in 1959, the home features original hardwood floors, a fireplace, and a versatile layout. All four bedrooms are on the upper level, including a primary bedroom with its own attached bathroom, a standout feature for a home of this era. An attached two-car garage and newer roof add to the appeal. A back deck and screened-in porch provide inviting spaces to relax, entertain, and enjoy the outdoors. The home also offers central air, oil-fired hot water baseboard heat, and public water and sewer. While the mechanical systems are older, they have been well maintained. Ready for your updates and personal touches, this home offers an appealing setting near parks and recreation, with convenient access to Lancaster’s shopping, dining, and major transportation routes. Bring your vision and discover the possibilities in Country Club Estates.

1230 Country Club Dr, Lancaster

Listing courtesy of H.K. Keller. Contact:

125 Treetops Dr, Lancaster
$349,900
4 Beds ⋅ 2 Baths
This 4 bedroom and 2 full bath townhome in East Hempfield Township is move in ready. The home features fresh paint and new carpeting on the steps and upstairs bedrooms. Two of the upstairs bedrooms have skylights that allow the natural light to fill the room. The kitchen has granite countertops, an island, a garbage disposal, a built-in microwave and the refrigerator stays. Right off the kitchen is a main floor laundry with a washer and dryer that also remain with the property. There is no need to cart all of your laundry to the basement. The one car garage is conveniently located adjacent to the laundry area. A first floor master has double closets and a bathroom that is also accessible from the hallway. There is a courtyard in the front of the home and a rear patio with sliders from the family room to enjoy the outdoors. The HOA takes care of the lawn, snow removal and exterior maintenance for peace of mind. At nearly 2000 square feet, this home will have plenty of room for all your stuff!

125 Treetops Dr, Lancaster

Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty. Contact:

137 Marticville Rd, Lancaster
$150,000
3 Beds ⋅ 1 Baths
Upcoming auction on November 9th at 4 PM. Discover a hidden gem in this charming 3-bedroom, 1-bathroom ranch-style home, built in 1956 and brimming with potential. Nestled on a generous 0.36-acre lot, this property offers ample space for outdoor activities or future expansion. The solid brick and block construction ensures durability, while the full basement presents an opportunity for additional living space or rental potential. With an attached garage and driveway parking for three vehicles, convenience is at your fingertips. The home is in good condition, making it an ideal candidate for both immediate occupancy and long-term investment. Located in a tranquil area with no HOA fees, this property is perfect for investors seeking to capitalize on rental income or future appreciation. The auction is set for November 9, 2026, with previews starting October 2, allowing you to explore the possibilities firsthand. Don't miss this chance to secure a valuable asset in a growing market!

137 Marticville Rd, Lancaster

Listing courtesy of Cavalry Realty LLC. Contact:

1701 Saint Phillips Dr, Lancaster
$299,900
4 Beds ⋅ 1 Baths
Beautifully maintained 4-bedroom home featuring a renovated kitchen, a spacious finished basement/family room, and a wonderfully landscaped corner lot. The second floor of the home offers an additional room in between the two upstairs bedrooms that has the rough-in plumbing for a future full bathroom, creating an excellent opportunity to add value. Enjoy outdoor living on the private deck surrounded by a privacy fence that wraps around the back of the property. A wonderful combination of comfort, functionality, and future possibilities!

1701 Saint Phillips Dr, Lancaster

Listing courtesy of Coldwell Banker Realty. Contact:

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