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Preforeclosure Homes in Scranton, PA 18505

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Living in Scranton, PA

Scranton, PA is a historic city known for its rich culture and educational institutions. It offers a balanced lifestyle enriched with parks and community activities. Its affordable housing market and diverse amenities make it an appealing option for both residents and real estate investors.

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.

Home Value Estimator For Scranton, PA

There are currently 19,612 real estate properties in Scranton, PA, with a median automated valuation model (AVM) price of $131,157.00. 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 $148,662.00, with the most expensive house in Scranton, PA, topping out at $3,497,500.00 and the cheapest home in Scranton, PA, clocking in at $10,209.00. 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 $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.

Scranton, PA 18505 Preforeclosure Homes


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