Scranton, PA has a median value for houses of $135,700 - significantly lower than the U.S. median value of $338,100. However, over the past year, Scranton has seen a far greater appreciation rate in housing values than the nation as a whole with an increase of 14.98%, compared to 8.27% across the country. The city is becoming increasingly attractive to potential buyers looking for an affordable option and view this market as having potential growth opportunities.
The median home cost in Scranton is $135,700. Home appreciation the last 10 years has been 54.9%. Home Appreciation in Scranton is up 17.7%.
Average Age of Homes
- The median age of Scranton real estate is 78 years old
The Rental Market in Scranton
- Renters make up 41.5% of the Scranton population
- 2.2% of houses and apartments in Scranton, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.