Tobyhanna, PA—18466
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tobyhanna, PA
As of Oct '25, the median home price in Tobyhanna, PA is $249,000, with a year-over-year change of -0.3%. This indicates that home prices in Tobyhanna, PA are flat. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $249,000 | -0.3% |
| Single Family | $250,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | -1.6% |
3 Bed | $235,000 | -0.4% |
4 Bed | $305,000 | 1.3% |
| 5 Bed | $314,000 | 0.3% |
% of Housing Stock
Rental Trends — Tobyhanna, PA
As of July '25, Rentcast reports the average rent in Tobyhanna, PA is $2,230, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Tobyhanna, PA is 1-bedrooms: $1,100, 2-bedrooms: $2,420, 3-bedrooms: $1,980, 4-bedrooms: $2,500. The most common rental property sizes in Tobyhanna, PA are 3-bedroom and 2-bedroom, accounting for 43.7% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,950 | $2,420 |
| 3 Bed Rent | $1,900 | $1,980 |
| 4 Bed Rent | $2,400 | $2,500 |
% of Rental Stock
Property Listings — Tobyhanna, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Tobyhanna, PA is 67. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $302,000 | 1.0% |
Listing Count | 246 | -1.0% |
| Listings as % of Homes | 2.1% | -1.0% |
Days on Market | 67 | -1.0% |
Demographics — Tobyhanna, PA
As of the latest ACS Survey released in 2023, Tobyhanna, PA has a population of 18,000, which has increased by 3.0% over the past 5 years. Tobyhanna, PA is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,000 | 3.0% |
% Under 18 | 23.2% | 4.0% |
% Seniors | 15.5% | 24.0% |
% WFH | 10.7% | 723.1% |
% w/ College Degree | 23.7% | 17.3% |
As of the latest ACS Survey released in 2023, Tobyhanna, PA is a predominantly white area, with 38.0% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Tobyhanna, PA is hispanic, making up 27.3% of the population. Foreign-born residents account for 16.1% of the population in Tobyhanna, PA, and this percentage has decreased by 9.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 38.0% | -0.8% |
% Black | 25.3% | -15.9% |
% Hispanic | 27.3% | -10.2% |
% Asian | 4.0% | 110.5% |
% Foreign Born | 16.1% | -9.0% |
Mortgage and Risk — Tobyhanna, PA
According to HUD data as of 2023, there were 311 mortgage originations in Tobyhanna, PA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Tobyhanna, PA. Investor activity is low, as 7.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 311 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 7.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Tobyhanna, PA
As of 2024, the percent of homes in Tobyhanna, PA under the Section 8 program is 8.8%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Tobyhanna, PA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 127 |
Total Units Section 8 | 127 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,100 | $1,470 |
| 2 Bedroom | -$20 | $1,950 | $1,930 |
| 3 Bedroom | $640 | $1,900 | $2,540 |
| 4 Bedroom | $560 | $2,400 | $2,960 |
Affordability — Tobyhanna, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $249,000 |
| Median Household Income | $77,500 |