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Lackawanna city, NY

ZIP 14218 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 14218

Median Home Value
$135,000
Median Rent
$709
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$867/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

15.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 14218 in Lackawanna city, NY, a household would need roughly $37,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $867. That sits below the local median household income ($50,484), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
55.2%-16% vs US avg
x
Vacancy Rate
7.6%-26% vs US avg
x
Broadband Access
86.2%-1% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
12.5%-2% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
24.5%-51% vs US avg
x
Mortgage-Free
46.0%+20% vs US avg
x
$135,000
Home Value
$709
Rent
1954
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached46.7%
  • 1-unit attached4.7%
  • 2-9 units37.8%
  • 10+ units8.5%
  • Mobile home & other2.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$135,000
Median rent$709
Owner-occupied55.2%
Vacant7.6%
Price-to-income2.7x
Est. income to buy$37,000