Clarks Summit, PA 18411 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Clarks Summit, PA—18411

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$342,000

4.6% YoY Growth

Household Income

$96,500

28.7% YoY Growth

Days on Market

17.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$1,800

1.6% YoY Growth

1-Bed Rent

$1,050

N/A

2-Bed Rent

$1,300

8.1% YoY Growth

3-Bed Rent

$1,950

0.5% YoY Growth

Home Price Trends — Clarks Summit, PA

As of May '26, the median home price in Clarks Summit, PA is $342,000, with a year-over-year change of 4.6%. This indicates that home prices in Clarks Summit, PA are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$342,000	4.6%
Single Family	$342,000	4.3%
Condos	$320,000	6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Clarks Summit, PA

As of July '25, Rentcast reports the average rent in Clarks Summit, PA is $1,830, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Clarks Summit, PA is studios: $1,600, 1-bedrooms: $1,100, 2-bedrooms: $1,470, 3-bedrooms: $1,990, 4-bedrooms: $2,410. The most common rental property sizes in Clarks Summit, PA are 2-bedroom and 1-bedroom, accounting for 37.2% and 31.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,830
Studio Rent	$1,600	$1,600
1 Bed Rent	$1,050	$1,100
2 Bed Rent	$1,300	$1,470
3 Bed Rent	$1,950	$1,990
4 Bed Rent	$2,300	$2,410

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% of Rental Stock

Studio

5.6%

1 Bedroom

31.5%

2 Bedrooms

37.2%

3 Bedrooms

21.6%

4 Bedrooms

3.1%

5+ Bedrooms

1.0%

Property Listings — Clarks Summit, PA

As of May '26, Realtor.com reports that the median days on market for a home in Clarks Summit, PA is 40. This is a decrease of -17.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$435,000	5.0%
Listing Count	63	-7.0%
Listings as % of Homes	0.5%	-7.0%
Days on Market	40	-17.0%

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Demographics — Clarks Summit, PA

As of the latest ACS Survey released in 2023, Clarks Summit, PA has a population of 23,100, which has increased by 6.2% over the past 5 years. Clarks Summit, PA is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 51.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,100	6.2%
% Under 18	22.5%	7.1%
% Seniors	22.8%	2.7%
% WFH	12.8%	103.2%
% w/ College Degree	51.2%	14.3%

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As of the latest ACS Survey released in 2023, Clarks Summit, PA is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Clarks Summit, PA is asian, making up 4.4% of the population. Foreign-born residents account for 6.6% of the population in Clarks Summit, PA, and this percentage has increased by 65.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	88.4%	-5.0%
% Black	0.7%	-46.2%
% Hispanic	3.2%	52.4%
% Asian	4.4%	175.0%
% Foreign Born	6.6%	65.0%

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Mortgage and Risk — Clarks Summit, PA

According to HUD data as of 2023, there were 390 mortgage originations in Clarks Summit, PA, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Clarks Summit, PA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	390
% Conventional Loans	92.0%
% Government Loans	8.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Clarks Summit, PA

As of 2024, the percent of homes in Clarks Summit, PA under the Section 8 program is 11.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Clarks Summit, PA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	274
Total Units Section 8	212
% Rentals under Section 8	11.7%
% Occupied Section 8	97.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,050	$1,080
2 Bedroom	$10	$1,300	$1,310
3 Bedroom	-$240	$1,950	$1,710
4 Bedroom	-$440	$2,300	$1,860

Clarks Summit, PA—18411

Key Metrics at a Glance

Home Price Trends — Clarks Summit, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clarks Summit, PA

% of Rental Stock

Property Listings — Clarks Summit, PA

Demographics — Clarks Summit, PA

Race and Ethnicity

Mortgage and Risk — Clarks Summit, PA

Mortgages

Rentals and Section 8 — Clarks Summit, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Clarks Summit, PA

Home Price to Income Ratio

Clarks Summit, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Scranton, PA

Taylor, PA

Old Forge, PA

Dalton, PA

Scranton, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$342,000
Median Household Income	$96,500

Clarks Summit, PA—18411

Key Metrics at a Glance

Home Price Trends — Clarks Summit, PA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Clarks Summit, PA

% of Rental Stock

Property Listings — Clarks Summit, PA

Demographics — Clarks Summit, PA

Race and Ethnicity

Mortgage and Risk — Clarks Summit, PA

Mortgages

Rentals and Section 8 — Clarks Summit, PA

Section 8 Market Size

Section 8 Opportunity

Affordability — Clarks Summit, PA

Home Price to Income Ratio

Clarks Summit, PA — ZIP Code Boundary Map

Nearby ZIP Codes

Scranton, PA

Taylor, PA

Old Forge, PA

Dalton, PA

Scranton, PA

Frequently Asked Questions

What is the average home price in Clarks Summit, PA 18411?

How have home prices in Clarks Summit, PA 18411 changed over the past year?

What is the home price projection for Clarks Summit, PA 18411?

What are the demographics of Clarks Summit, PA 18411?

How long does it take homes to sell in Clarks Summit, PA 18411?

What is the average rent price in Clarks Summit, PA 18411?