Foreclosure Homes in Scranton, PA 18505

Current Market Conditions in Scranton, PA

The real estate market in Scranton has shown a steady increase in home values over recent years, driven by a growing interest from both local buyers and investors. The affordability of properties relative to the state average creates an enticing opportunity for those looking to invest strategically.

As urban renewal projects continue and local businesses thrive, Scranton is witnessing an influx of new residents, further fueling demand for housing. Investors can find a variety of options, from single-family homes to multi-family dwellings, suitable for rental purposes.

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 $500.00 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.