Real Estate Investing in Scranton, Pennsylvania (18510)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 18510 (Scranton, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 13.5% of homes vacant — above national norms.
What’s happening in Scranton, PA (18510)?
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Market Analysis: 18510 Scranton
Not every below-median market is a bargain. Scranton's 18510 ZIP shows signals that favor experienced operators who can absorb the risk $202K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 18510 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 18510 and stronger Scranton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 18510 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Scranton's stable or hybrid ZIPs before stepping into 18510. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Scranton:
Property Strategy for 18510
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $193,669 | $1,730 | 6.4% | +11.4% | $64,556 |
| 4BR | $224,604 | $1,880 | 6.0% | +9.8% | $56,151 |
| 5BR | $254,806 | — | — | +9.8% | $50,961 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 18510 Compare?
| Metric | 18510 | Scranton | Scranton--Wilkes-Barre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $202,454 | $192,047 | N/A | $278,018 |
| 5-Year CAGR | 9.5% | 8.7% | N/A | 6.3% |
| Avg Rent | $1,312 | $1,310 | N/A | - |
| Cap Rate | 5.1% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18510 (Scranton, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,454 |
| Monthly Rent | $1,312 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 14.6% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 18510
Population: 14,629
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 18510
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Howard Gardner Multiple Intelligence CS
John F. Kennedy #7
John G Whittier #2
McNichols Plaza
South Scranton Intrmd Sch
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What strategy should investors use in Scranton, PA?
For Scranton, PA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the median home value in Scranton, PA?
Median home price in Scranton, PA is near $202K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the rental occupancy rate in Scranton, PA?
Scranton, PA carries elevated vacancy risk. Expect consistent absorption at market rents of $1,312/mo.
Is Scranton, PA landlord-friendly?
Scranton, PA operates under PA law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Is Scranton in PA worth investing in?
With a 3.0/5 investability score, Scranton, PA ranks as a solid market for rental property investors. Median prices of $202K and rents of $1,312/mo drive the underlying numbers.
You know 18510 now. You don’t know where it ranks.
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How 18510 ranks in Scranton--Wilkes-Barre, PA
Every ZIP in this metro, ranked. Free.
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