The housing market in Scranton--Wilkes-Barre--Hazleton, PA Metro Area is booming with a median value of $170,500. This is significantly lower than the US House Median Value of $338,100 but still reflects an impressive 1 year appreciation rate of 13.11%. This figure is higher than the US 1 year House Appreciation rate of 8.27%, so it's clear that this metro area offers great potential for those looking to invest in real estate. The increasing values show that it is an attractive place to live, and with such a good return on investment it has become a desirable location for both new and existing residents.
The median home cost in Scranton--Wilkes-Barre Metro Area is $170,500. Home appreciation the last 10 years has been 56.9%. Home Appreciation in Scranton--Wilkes-Barre Metro Area is up 17.1%.
Average Age of Homes
- The median age of Scranton--Wilkes-Barre Metro Area real estate is 62 years old
The Rental Market in Scranton--Wilkes-Barre Metro Area
- Renters make up 28.0% of the Scranton--Wilkes-Barre Metro Area population
- 1.3% of houses and apartments in Scranton--Wilkes-Barre Metro Area, 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.