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Scranton

Learn about the people, housing, costs and businesses in Scranton, Pennsylvania

Median Home$149,727
Median Rent$1,057/month
Population76,033
Leading IndustriesFinance & Insurance · Professional Services · Healthcare7% finance & insurance
Home Value Growth⬆⬆⬆+23.3% over 2 years
Young Adults34% of residentswell above average
Homeowners50% of occupied units
NotableAmenity Score82/100 · highly walkable area
NotableTransit81/100 · excellent transit access
Scranton
PA

Frequently Asked Questions

What are today's mortgage rates in Scranton?

As of today, the 30-year fixed mortgage rate for Scranton is approximately 6.883% (6.919% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Scranton?

The median home value in Scranton is $150k. The median monthly rent is $1,057. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Scranton?

Home values in Scranton have increased 23.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Scranton?

Based on a typical all-in ownership cost of $1,026/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Scranton is $54k/year.

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What industries drive the economy in Scranton?

The largest employment sectors in Scranton are public administration (21%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.