Scranton, PA—18503
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Scranton, PA
As of Oct '25, the median home price in Scranton, PA is $162,000, with a year-over-year change of -5.3%. This indicates that home prices in Scranton, PA are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | -5.3% |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Scranton, PA
As of July '25, Rentcast reports the average rent in Scranton, PA is $1,720, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Scranton, PA is studios: $923, 1-bedrooms: $1,480, 2-bedrooms: $2,090. The most common rental property sizes in Scranton, PA are 1-bedroom and 2-bedroom, accounting for 43.6% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,720 |
| Studio Rent | $923 | $923 |
| 1 Bed Rent | $1,300 | $1,480 |
| 2 Bed Rent | $2,200 | $2,090 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Scranton, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Scranton, PA is 8. This is a decrease of -91.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | -22.0% |
Listing Count | 2 | -10.0% |
| Listings as % of Homes | N/A | -10.0% |
Days on Market | 8 | -91.0% |
Demographics — Scranton, PA
As of the latest ACS Survey released in 2023, Scranton, PA has a population of 1,540, which has increased by 32.7% over the past 5 years. Scranton, PA is a less popular place for families, as children make up 1.8% of the population. The area has a moderately educated workforce, with 40.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,540 | 32.7% |
% Under 18 | 1.8% | 12.5% |
% Seniors | 31.4% | -9.5% |
% WFH | 5.2% | 85.7% |
% w/ College Degree | 40.2% | 65.4% |
As of the latest ACS Survey released in 2023, Scranton, PA is a predominantly white area, with 79.5% of the population identifying as white. The white population has grown by 6.1% in the last 5 years. The second most common race or ethnicity in Scranton, PA is black, making up 8.3% of the population. Foreign-born residents account for 6.8% of the population in Scranton, PA, and this percentage has decreased by 9.3% 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 | 79.5% | 6.1% |
% Black | 8.3% | -44.3% |
% Hispanic | 3.3% | -58.2% |
% Asian | 5.7% | 235.3% |
% Foreign Born | 6.8% | -9.3% |
Mortgage and Risk — Scranton, PA
According to HUD data as of 2023, there were 4 mortgage originations in Scranton, PA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Scranton, PA. Investor activity is high, as 75.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 4 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 75.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Scranton, PA
Scranton, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 385 |
Total Units Section 8 | 385 |
% Rentals under Section 8 | 50.8% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$370 | $1,300 | $930 |
| 2 Bedroom | -$1,070 | $2,200 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,470 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Scranton, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $162,000 |
| Median Household Income | $40,200 |