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Lanesboro

Learn about the people, housing, costs and businesses in Lanesboro, Pennsylvania

Median Home$102,700
Median Rent$740/month
Population508
Leading IndustriesManufacturing · Information & Media · Finance & Insurance5% manufacturing
Home Value Growth+5.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners71% of occupied units
NotableTransit82/100 · excellent transit access
NotableAffordable Market$103k median home · lower cost than 91% of the country
Lanesboro
PA

Frequently Asked Questions

What are today's mortgage rates in Lanesboro?

As of today, the 30-year fixed mortgage rate for Lanesboro is approximately 6.988% (7.027% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lanesboro?

The median home value in Lanesboro is $103k. The median monthly rent is $740. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lanesboro?

Home values in Lanesboro have increased 5.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lanesboro?

Based on a typical all-in ownership cost of $754/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lanesboro is $53k/year.

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What industries drive the economy in Lanesboro?

The largest employment sectors in Lanesboro are public administration (27%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.