Foreclosures in Scranton, PA

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Home Value Estimator For Scranton, PA

There are currently 18,437 real estate properties in Scranton, PA, with a median automated valuation model (AVM) price of $146,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Scranton, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Scranton, PA, is $169,020.00, with the most expensive house in Scranton, PA, topping out at $4,372,700.00 and the cheapest home in Scranton, PA, clocking in at $14,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Scranton, PA!

Rent Prices In Scranton, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Scranton, PA, is on a rollercoaster ride. The average rent price in Scranton, PA, is $1,039.00. Indeed, when looking to rent in Scranton, PA, you can expect to pay as little as $550.00 or as much as $2,680.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Scranton, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Scranton, PA In 2024

Scranton is located in Lackawanna, Pennsylvania, with an estimated municipal population of 76,653 residents. All of the best foreclosed homes for sale in Scranton are located in the following zip code areas on 18509 18508 18510 18503 18505 18507 18504 18515 18540. The estimated population per square kilometer (.62 miles) in Scranton is 1,169.

Cost Of Living In Scranton, PA

So, about how much do homes cost in Scranton? The most recent median value of resident-owned homes in Scranton is 103,354. An estimated 48.5 percent of households in Scranton own their homes, with an average family size of 3. The median household income in Scranton is 40,608, with13.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Scranton, the median commute time of resident workers (in minutes) is 20.1. And last, but certainly not least, are you looking for homes to rent in Scranton? If so, the average rent price paid by renters in Scranton is 782, according to recent statistics.

Diversity And Demographics In Scranton, Pennsylvania

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Scranton, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Scranton is 37.2, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Scranton is 37, with an average family size of 3.

The percentage of residents who report their race in Scranton is as follows:

White 83.1%
Black / African American 5.9%
Asian 4.7%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 4.4%
Other 1.9%

Looking for family-friendly neighborhoods in and/or near Scranton? Or maybe you are searching for 55+ active adult communities in and/or near Scranton?

The percentage of residents who report their age in Scranton is as follows:

Under 10 11.4%
Aged 10-19 12.9%
20s 16.4%
30s 12.3%
40s 11.3%
50s 12.8%
60s 11.3%
70s 6.8%
80+ 4.7%

Best Schools In Scranton, Pennsylvania

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Scranton with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Scranton.

Pros And Cons Of Living In Scranton, Pennsylvania

How do you know that living in -- or moving to -- Scranton is right where you need to be? Perhaps you grew up in Scranton or already live nearby; therefore, the decision to buy a home in Scranton is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Scranton for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Scranton:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Scranton.

Reasons To Move To Scranton, Pennsylvania, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Scranton can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Scranton, meanwhile, can field multiple offers from more qualified buyers.

Scranton, PA Foreclosures


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