ZIP Code 18302 Housing Market

📝 Local Market Notes

ZIP code 18302 in Monroe County, Pennsylvania, exhibits a robust long-term appreciation trend despite recent deceleration. The Federal Housing Finance Agency Home Price Index (HPI) for this area has climbed significantly over the last five years, rising from 155.81 in 2021 to 224.93 in 2025. This trajectory indicates a cumulative increase of approximately 44 percent, reflecting sustained demand and value growth within the sub-market. However, the most recent year-over-year change of +0.68% signals a sharp moderation in price momentum compared to the aggressive gains observed in 2022 and 2023. This performance reveals a notable divergence from broader regional trends. While the state of Pennsylvania experienced a +3.89% year-over-year increase and Monroe County recorded a +7.21% rise, ZIP 18302’s growth lagged significantly behind both benchmarks. Nearby ZIP codes, such as 18360 (+7.42%) and 18301 (+7.31%), also outperformed 18302. This divergence suggests that 18302 may be experiencing a localized cooling effect or a shift in buyer preference toward adjacent areas, even as the wider county continues to see strong appreciation. The sub-market character of ZIP 18302 aligns with a mid-tier ownership environment rather than a luxury or entry-level segment. With a parent county median home value of $267,600 and an owner-occupancy rate of 80.2%, the area is predominantly residential and stable. The median household income of $83,565 supports moderate purchasing power, though the current 7.40% mortgage rate increases the cost of entry. For prospective buyers, this market offers a stable, owner-occupied community with significant historical equity growth, but current pricing dynamics suggest a more balanced negotiation environment compared to the rapid appreciation seen in neighboring ZIP codes.

Based on FHFA House Price Index data.