The story of this market
The typical home in ZIP 18505 sells for about $212,000, or $115 per square foot.
Prices are up +6.2% from a year ago, so sellers still have some momentum. Homes take about 16 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $994 a month.
ZIP 18505 — Scranton
The 18505 housing market is currently balanced, with steady demand for affordable single-family homes. Prices have seen modest year-over-year growth, supported by a stable local economy and limited inventory. Buyers are finding a competitive environment, though the market remains accessible compared to larger metropolitan areas.
This ZIP is well-suited for first-time homebuyers and budget-conscious families seeking affordable housing options. It also attracts investors looking for rental properties due to the steady demand from the local workforce.
Median prices moved up 6.2% year over year.
Homes spend a median of 16 days on market with 3.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 20.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 18505, Lackawanna County PA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Scranton are generally consistent with regional averages for post-industrial cities in Northeast Pennsylvania, with property crime being the primary concern. Local efforts focus on community policing and neighborhood revitalization to address safety trends.
Public schools in the 18505 area are part of the Scranton School District, which faces ongoing challenges regarding funding and academic performance. Several charter and magnet options exist within the city to provide alternatives to traditional neighborhood schools.
The area is subject to standard regional risks, including seasonal flooding in low-lying areas near the Lackawanna River and winter storm impacts. Insurance markets remain stable, though premiums reflect the age of the housing stock and regional weather patterns.
Economic momentum is driven by healthcare, education, and logistics sectors, with major employers including Geisinger and local manufacturing hubs. Infrastructure improvements are focused on revitalizing the downtown core and improving transit connectivity to the broader Scranton-Wilkes-Barre metro.
Property taxes are levied by the city, Lackawanna County, and the Scranton School District, with the school district portion representing the largest share of the tax bill. Assessment is managed by the county, and exemptions are available for homesteads and senior citizens.
Residents primarily rely on personal vehicles for commuting, with easy access to I-81 and the Pennsylvania Turnpike. Public transit via the County of Lackawanna Transit System (COLTS) provides bus service to the downtown Scranton employment core.
The area features several local parks and playgrounds, with proximity to the Lackawanna River Heritage Trail for walking and cycling. Shopping and dining are concentrated along the Birney Avenue corridor and in nearby downtown Scranton.
The rental market is characterized by high demand for affordable units, with low vacancy rates in multi-family properties. Investor activity is moderate, focusing on the conversion of older single-family homes into rental units.
The economy is anchored by the healthcare sector, including major regional hospitals, and a growing logistics and distribution industry. Education and government services also provide significant employment stability for the area.
The area is served by a network of state routes and proximity to I-81, facilitating regional travel. Public transit is provided by COLTS, which connects the neighborhood to the central business district.
Development is focused on infill projects and the rehabilitation of existing housing stock. There is limited new large-scale residential construction within the ZIP code boundaries.
The Lackawanna County Assessment Office manages property valuations, with assessments based on a base-year system. Periodic reassessments are conducted to ensure tax equity across the county.
Parcels are subject to Scranton School District taxes and municipal levies. There are no significant MUD or PID districts in this established urban area.
Property insurance is readily available, though premiums are influenced by the age of the housing stock and regional exposure to winter weather events. Market health is considered stable.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Montage Mountain Resorts42.6 mi
- Reaper's Revenge4.79.5 mi
- Nova Trampoline Park4.612 mi
- Lahey Family Fun Park4.45.6 mi
- 940 Golf N'Fun4.419.3 mi
- Mohegan Pennsylvania412.1 mi
- Montage Mountain Resorts42.6 mi
- Mohegan Arena at Casey Plaza4.414.5 mi
- Scranton/Wilkes-Barre RailRiders at PNC Field4.62.6 mi
- Reaper's Revenge4.79.5 mi
- Montage Mountain Resorts42.6 mi
- Cinemark Montage Mountain 20 and XD4.62.4 mi
- Electric City Aquarium & Reptile Den4.51.7 mi
- Steamtown National Historic Site4.81.8 mi
- Nay Aug Park4.60.9 mi
- Steamtown National Historic Site4.81.8 mi
- Lacawac Sanctuary Field Station and Environmental Education Center4.718.2 mi
- The Electric City Trolley Museum4.61.9 mi
- Everhart Museum4.50.9 mi
- Scranton Iron Furnaces4.51.3 mi
- Nay Aug Park4.60.9 mi
- Lackawanna State Park4.612.4 mi
- McDade Park4.73.8 mi
- Hillside Park4.78 mi
- Eales Preserve at Moosic Mountain4.76.6 mi
- Lake Scranton4.71.1 mi
- Lake Scranton4.71.1 mi
- Pine Hills Country Club4.43.7 mi
- Elmhurst Country Club4.65.8 mi
- Glenmaura National Golf Club4.73.4 mi
- Marjon Golf Course4.46.7 mi
- Four Seasons Golf Club3.510.3 mi
- Viewmont Mall4.34.9 mi
- The Marketplace at Steamtown3.91.7 mi
- ShopRite of Daleville4.28.8 mi
- ShopRite of Birney Plaza4.52.9 mi
- Boscov's4.51.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional trail system offering walking and biking paths along the river.
Local facility providing fields for youth sports and community recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.