Lackawanna County, Pennsylvania Housing Market
In Lackawanna County, Pennsylvania, the median home value is $201,800, with a median monthly rent of $1,007. This places Lackawanna County at #1379 nationally out of 3134 counties by median home value, and #35 within Pennsylvania.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,043
- Establishments: 5,336
- BLS QCEW, 2025
Housing Supply
- Single-family: 227
- Multi-family: 50
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 91,610 (avg $73,896)
- Outflow: 88,630 (avg $74,449)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Lackawanna County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 18509 | 219.8 | -14.49% | 2025 |
| 2 | 18507 | 205.8 | — | 2025 |
| 3 | 18433 | 178.7 | -12.20% | 2025 |
| 4 | 18403 | 250.2 | +7.58% | 2025 |
| 5 | 18508 | 260.9 | +12.32% | 2025 |
| 6 | 18505 | 222.3 | +11.63% | 2025 |
| 7 | 18519 | 249.2 | +17.20% | 2025 |
| 8 | 18512 | 224.0 | +8.65% | 2025 |
| 9 | 18447 | 226.3 | +4.99% | 2025 |
| 10 | 18452 | 240.6 | +10.03% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lackawanna County Compares
| Metric | Lackawanna County | Pennsylvania Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $201,800 | $212,079 | $227,706 |
| Median Gross Rent | $1,007 | $990 | $968 |
| Owner Occupancy Rate | 65.4% | 74.2% | 73.3% |
| Price/Rent Ratio | 16.7 | 17.5 | 18.7 |
Market Analysis
The median home value in Lackawanna County is 4.8% below the Pennsylvania state average and 11.4% below the U.S. national average. The median rent of $1,007/month is 1.7% above the state average.
With a price-to-rent ratio of 16.7, the buy-vs-rent decision in Lackawanna County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Lackawanna County has an owner-occupancy rate of 65.4%, compared to 74.2% in Pennsylvania and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Rutherford County | North Carolina | $201,800 | $783 |
| Callaway County | Missouri | $201,600 | $887 |
| Otoe County | Nebraska | $201,600 | $914 |
| Marshall County | Alabama | $201,500 | $795 |
| Navajo County | Arizona | $201,500 | $858 |
Other Counties in Pennsylvania
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lycoming County | $202,200 | $913 | 69.1% |
| Westmoreland County | $203,500 | $879 | 78.4% |
| Columbia County | $206,200 | $943 | 69.5% |
| Sullivan County | $197,100 | $775 | 84.9% |
| Fulton County | $208,500 | $809 | 77.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).