The story of this market
The typical home in ZIP 18507 sells for about $234,545, or $154 per square foot.
Prices are up +8.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,346 a month.
ZIP 18507
The 18507 housing market shows steady appreciation and moderate inventory levels, supported by its proximity to regional employment and entertainment hubs. While price growth remains positive, the market is balancing between buyer demand and available supply, leading to a stable outlook for the remainder of the year.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban living and access to the Scranton-Wilkes-Barre employment corridor.
Median prices moved up 8.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 7.3% — a stable, low-distress 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 6.0%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 18507, 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.
Schools serving the area are part of the Riverside and Scranton school districts, generally reflecting regional performance standards for Northeastern Pennsylvania.
The area is subject to standard regional risks including seasonal flooding near the Lackawanna River and winter weather impacts; insurance markets remain stable but sensitive to regional hazard profiles.
Economic momentum is driven by proximity to the Montage Mountain resort area and logistics/industrial development in the Moosic corridor.
Property taxes are levied by the borough, county, and school district; the area is subject to Pennsylvania's standard assessment practices with millage rates set annually by local taxing authorities.
Residents primarily commute via I-81, providing direct access to Scranton and Wilkes-Barre employment hubs.
The area features significant access to Montage Mountain Resorts for skiing and entertainment, along with local parks and proximity to regional shopping centers.
The rental market is characterized by steady demand from local workers and proximity to regional attractions, with limited vacancy pressure.
The economy is anchored by tourism, hospitality, and logistics, with significant employment provided by the Montage Mountain complex and nearby industrial parks.
The area is served by the I-81 corridor, facilitating regional transit between Scranton and Wilkes-Barre.
Development is focused on commercial expansion near the Montage Mountain interchange and residential infill.
Lackawanna County utilizes a county-wide assessment system with periodic reassessments to determine property values for tax purposes.
Parcels are subject to municipal, county, and school district taxes; no major MUD/PID districts are reported.
Property insurance premiums are consistent with regional Pennsylvania averages, reflecting standard risk profiles for the Northeast.
Pennsylvania is a judicial foreclosure state requiring court intervention for the foreclosure process.
Sellers are required to provide a comprehensive property disclosure statement covering known material defects.
Data retrieved from data.census.gov ZCTA 18507 profile.
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 Resorts41.1 mi
- Reaper's Revenge4.712.3 mi
- Nova Trampoline Park4.69.3 mi
- Lahey Family Fun Park4.47.6 mi
- 940 Golf N'Fun4.417.6 mi
- Mohegan Pennsylvania49.2 mi
- Montage Mountain Resorts41.1 mi
- Mohegan Arena at Casey Plaza4.411.5 mi
- Scranton/Wilkes-Barre RailRiders at PNC Field4.60.5 mi
- Reaper's Revenge4.712.3 mi
- Montage Mountain Resorts41.1 mi
- Cinemark Montage Mountain 20 and XD4.60.6 mi
- Electric City Aquarium & Reptile Den4.53.9 mi
- Steamtown National Historic Site4.83.8 mi
- Nay Aug Park4.63.9 mi
- Steamtown National Historic Site4.83.8 mi
- The Electric City Trolley Museum4.63.9 mi
- Everhart Museum4.53.9 mi
- Scranton Iron Furnaces4.53.7 mi
- Ballyhoo – Purveyors of Fine Ice Cream4.86.1 mi
- Seven Tubs Recreation Area - Pinchot Forest District4.710.4 mi
- Nay Aug Park4.63.9 mi
- Frances Slocum State Park4.710.8 mi
- McDade Park4.74.6 mi
- Kirby Park4.512.9 mi
- Wilkes-Barre Golf Club3.812.9 mi
- Pine Hills Country Club4.43.6 mi
- Elmhurst Country Club4.67.1 mi
- Glenmaura National Golf Club4.70.5 mi
- Marjon Golf Course4.48.8 mi
- Viewmont Mall4.37.5 mi
- Wyoming Valley Mall: Wilkes-Barre Township3.911.1 mi
- The Marketplace at Steamtown3.93.9 mi
- Ross Dress for Less4.311.4 mi
- ShopRite of Daleville4.29.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional destination for skiing, water park, and concert events.
Key-figure check: median price diverges 19.3% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $279,900 (19.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $279,900 (+19.3% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.