Luzerne County, Pennsylvania Housing Market
In Luzerne County, Pennsylvania, the median home value is $174,100, with a median monthly rent of $1,004. This places Luzerne County at #1719 nationally out of 3134 counties by median home value, and #44 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: $1,094
- Establishments: 7,226
- BLS QCEW, 2025
Housing Supply
- Single-family: 257
- Multi-family: 38
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 143,078 (avg $67,197)
- Outflow: 139,580 (avg $67,597)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Luzerne County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 18651 | 244.6 | +10.15% | 2025 |
| 2 | 18702 | 236.5 | -7.38% | 2025 |
| 3 | 18706 | 242.6 | +9.66% | 2025 |
| 4 | 18643 | 198.3 | -8.62% | 2025 |
| 5 | 18634 | 263.6 | +1.80% | 2025 |
| 6 | 18202 | 256.0 | +4.35% | 2025 |
| 7 | 18705 | 227.3 | +6.17% | 2025 |
| 8 | 18640 | 206.7 | +5.59% | 2025 |
| 9 | 18708 | 214.9 | -4.49% | 2025 |
| 10 | 18644 | 242.4 | +0.69% | 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 Luzerne County Compares
| Metric | Luzerne County | Pennsylvania Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $174,100 | $212,079 | $227,706 |
| Median Gross Rent | $1,004 | $990 | $968 |
| Owner Occupancy Rate | 67.8% | 74.2% | 73.3% |
| Price/Rent Ratio | 14.5 | 17.5 | 18.7 |
Market Analysis
The median home value in Luzerne County is 17.9% below the Pennsylvania state average and 23.5% below the U.S. national average. The median rent of $1,004/month is 1.4% above the state average.
With a price-to-rent ratio of 14.5, buying a home in Luzerne County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Luzerne County has an owner-occupancy rate of 67.8%, 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 |
|---|---|---|---|
| DeSoto County | Florida | $174,100 | $932 |
| Taylor County | Kentucky | $174,200 | $718 |
| Gage County | Nebraska | $174,000 | $774 |
| Titus County | Texas | $174,000 | $907 |
| Marshall County | Kentucky | $173,800 | $798 |
Other Counties in Pennsylvania
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clinton County | $175,900 | $820 | 72.3% |
| Erie County | $177,000 | $904 | 68.1% |
| Bedford County | $179,000 | $784 | 77.5% |
| Tioga County | $181,100 | $863 | 77.4% |
| Huntingdon County | $183,200 | $810 | 79.2% |
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).