Tobyhanna, PA18466

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$249,000
0.3% YoY Growth
Median Household Income
$77,500
25.2% 5-Year Growth
Days on Market
67
1.0% Shorter than last year
Home Price Forecast
3.8%
Median Rent
$2,050
7.7% YoY Growth
1-Bed Rent
$1,100
5.2% YoY Growth
2-Bed Rent
$1,950
12.6% YoY Growth
3-Bed Rent
$1,900
1.5% YoY Growth

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.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$302,0001.0%
Listing Count
246-1.0%
Listings as % of Homes2.1%-1.0%
Days on Market
67-1.0%
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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.

MetricLatest CensusYoY % Change
Population
18,0003.0%
% Under 18
23.2%4.0%
% Seniors
15.5%24.0%
% WFH
10.7%723.1%
% w/ College Degree
23.7%17.3%
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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

MetricLatest Census5-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%
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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

MetricZip 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

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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 SizeHUD PremiumMarket RentMax 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

MetricZip Code Average
Home Price to Income Ratio3.1
Median Home Price$249,000
Median Household Income$77,500

Tobyhanna, PA — ZIP Code Boundary Map

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Frequently Asked Questions