Tunkhannock, PA—18657
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Tunkhannock, PA
As of Oct '25, the median home price in Tunkhannock, PA is $231,000, with a year-over-year change of 1.1%. This indicates that home prices in Tunkhannock, PA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 1.1% |
| Single Family | $230,000 | 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 | $192,000 | 0.5% |
3 Bed | $241,000 | 4.3% |
4 Bed | $284,000 | 6.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Tunkhannock, PA
As of July '25, Rentcast reports the average rent in Tunkhannock, PA is $1,570, with a year-over-year rent change of 24.6%. Per bedroom, the median rent as of July '25 in Tunkhannock, PA is 1-bedrooms: $750, 2-bedrooms: $1,550, 3-bedrooms: $1,930, 4-bedrooms: $1,400. The most common rental property sizes in Tunkhannock, PA are 3-bedroom and 2-bedroom, accounting for 37.1% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | $1,150 | $1,550 |
| 3 Bed Rent | $1,800 | $1,930 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — Tunkhannock, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Tunkhannock, PA is 56. This is a decrease of -14.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $370,000 | 30.0% |
Listing Count | 28 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 56 | -14.0% |
Demographics — Tunkhannock, PA
As of the latest ACS Survey released in 2023, Tunkhannock, PA has a population of 11,000, which has decreased by -8.4% over the past 5 years. Tunkhannock, PA is a moderately popular place for families, as children make up 20.0% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | -8.4% |
% Under 18 | 20.0% | -2.0% |
% Seniors | 21.4% | 0.9% |
% WFH | 6.7% | 17.5% |
% w/ College Degree | 22.4% | 3.7% |
As of the latest ACS Survey released in 2023, Tunkhannock, PA is a predominantly white area, with 94.7% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Tunkhannock, PA is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.4% of the population in Tunkhannock, PA, and this percentage has increased by 40.0% 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 | 94.7% | -2.1% |
% Black | 0.8% | 0.0% |
% Hispanic | 2.0% | 81.8% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 1.4% | 40.0% |
Mortgage and Risk — Tunkhannock, PA
According to HUD data as of 2023, there were 195 mortgage originations in Tunkhannock, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Tunkhannock, PA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 195 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Tunkhannock, PA
As of 2024, the percent of homes in Tunkhannock, PA under the Section 8 program is 14.3%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Tunkhannock, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | 14.3% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $750 | $920 |
| 2 Bedroom | -$40 | $1,150 | $1,110 |
| 3 Bedroom | -$350 | $1,800 | $1,450 |
| 4 Bedroom | $180 | $1,400 | $1,580 |
Affordability — Tunkhannock, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $231,000 |
| Median Household Income | $75,300 |