Scranton, PA—18510
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 $196,000, with a year-over-year change of 9.9%. This indicates that home prices in Scranton, PA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 9.9% |
| Single Family | $197,000 | 10.7% |
| 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 | $194,000 | 5.4% |
4 Bed | $225,000 | 2.3% |
| 5 Bed | $255,000 | 0.8% |
% of Housing Stock
Rental Trends — Scranton, PA
As of July '25, Rentcast reports the average rent in Scranton, PA is $1,350, with a year-over-year rent change of -10.0%. Per bedroom, the median rent as of July '25 in Scranton, PA is studios: $1,080, 1-bedrooms: $1,100, 2-bedrooms: $1,280, 3-bedrooms: $1,400, 4-bedrooms: $1,510. The most common rental property sizes in Scranton, PA are 2-bedroom and 1-bedroom, accounting for 35.2% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,350 |
| Studio Rent | $1,050 | $1,080 |
| 1 Bed Rent | $1,050 | $1,100 |
| 2 Bed Rent | $1,200 | $1,280 |
| 3 Bed Rent | $1,350 | $1,400 |
| 4 Bed Rent | $1,500 | $1,510 |
% 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 35. This is a decrease of -2.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | 8.0% |
Listing Count | 20 | -8.0% |
| Listings as % of Homes | 0.4% | -8.0% |
Days on Market | 35 | -2.0% |
Demographics — Scranton, PA
As of the latest ACS Survey released in 2023, Scranton, PA has a population of 14,600, which has increased by 8.8% over the past 5 years. Scranton, PA is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | 8.8% |
% Under 18 | 16.9% | -0.6% |
% Seniors | 16.4% | 10.1% |
% WFH | 8.4% | 29.2% |
% w/ College Degree | 28.0% | -6.4% |
As of the latest ACS Survey released in 2023, Scranton, PA is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Scranton, PA is asian, making up 12.0% of the population. Foreign-born residents account for 16.9% of the population in Scranton, PA, and this percentage has increased by 1.2% 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 | 65.5% | -4.7% |
% Black | 7.0% | -10.3% |
% Hispanic | 11.0% | 32.5% |
% Asian | 12.0% | 2.6% |
% Foreign Born | 16.9% | 1.2% |
Mortgage and Risk — Scranton, PA
According to HUD data as of 2023, there were 103 mortgage originations in Scranton, PA, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Scranton, PA. Investor activity is low, as 10.0% 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 | 103 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 10.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Scranton, PA
As of 2024, the percent of homes in Scranton, PA under the Section 8 program is 8.7%. 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. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Scranton, PA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 501 |
Total Units Section 8 | 252 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 81.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,050 | $960 |
| 2 Bedroom | -$40 | $1,200 | $1,160 |
| 3 Bedroom | $160 | $1,350 | $1,510 |
| 4 Bedroom | $150 | $1,500 | $1,650 |
Affordability — Scranton, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $196,000 |
| Median Household Income | $52,500 |