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  1. Home
  2. /Browse ZIP Codes
  3. /Pennsylvania
  4. /Scranton, PA - 18510

Scranton, PA—18510

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$202,000
0.4% YoY Growth
Household Income
$52,500
48.6% YoY Growth
Days on Market
25
18.0% Shorter YoY
Home Price Forecast
2.9%
Median Rent
$1,350
10.0% YoY Growth
1-Bed Rent
$1,050
12.0% YoY Growth
2-Bed Rent
$1,200
1.5% YoY Growth
3-Bed Rent
$1,350
10.8% YoY Growth

Other Zip Codes in Scranton, PA

185121850318505185081850918504
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Scranton, PA

As of May '26, the median home price in Scranton, PA is $202,000, with a year-over-year change of 0.4%. This indicates that home prices in Scranton, PA are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$202,0000.4%
Single Family $203,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$205,0000.0%
    4 Bed
    		$236,000-1.7%
    5 Bed $268,390-1.9%
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    18.6%
    2 Bedrooms
    26.8%
    3 Bedrooms
    31.3%
    4 Bedrooms
    9.4%
    5+ Bedrooms
    11.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    32.1%
    2 Bedrooms
    35.2%
    3 Bedrooms
    21.9%
    4 Bedrooms
    4.1%
    5+ Bedrooms
    3.8%

    Property Listings — Scranton, PA

    As of May '26, Realtor.com reports that the median days on market for a home in Scranton, PA is 25. This is a decrease of -18.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$240,0004.0%
    Listing Count
    		296.0%
    Listings as % of Homes0.4%6.0%
    Days on Market
    		25-18.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		14,6008.8%
    % Under 18
    		16.9%-0.6%
    % Seniors
    		16.4%10.1%
    % WFH
    		8.4%29.2%
    % w/ College Degree
    		28.0%-6.4%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$202,000
    Median Household Income$52,500

    Scranton, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Scranton, PA

    18505

    Scranton, PA

    18509

    Scranton, PA

    18503

    Scranton, PA

    18508

    Scranton, PA

    18512

    Frequently Asked Questions