Scranton--Wilkes-Barre, PA · Pennsylvania
Luzerne County
ZIP 18223
325,978 residents319 permits TTM$62,321 median HHI41 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$163,800
ACS 5-Year
Cap rate proxy
7.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.4%
HUD FMR ÷ ACS HHI
Net migration
+1.41%
IRS SOI
Permits (TTM)
319
Census BPS
Climate risk
91.6
FEMA NRI (0–100)
ZIP 18223
Median home value
—
Gross yield
—
Cap rate
7.0%
Rent gap
—
Affordability
P/I: 2.6R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown41 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 18617 | — | — | — | 10.2% | — |
| 18651 | — | — | — | 7.8% | — |
| 18634 | — | — | — | 8.3% | — |
| 18241 | — | — | — | 7.0% | — |
| 18224 | — | — | — | 7.1% | — |
Ranked by composite score
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Demographics
Owner-occupied
67.8%
Census ACS
Vacancy rate
11.6%
Census ACS
Bachelor's degree +
25.0%
Census ACS
Rent burdened
41.3%
Census ACS (>30% income)
Median age
42.1
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026