US5.com
  1. Home
  2. States
  3. Pennsylvania
  4. ZIP 18503
  5. Housing & Real Estate
Scranton city, PA

ZIP 18503 — 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 18503

Median Home Value
$259,400
Median Rent
$920
Affordability Snapshot
$71,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,666/mo PITI).

27%
Rent-to-Income Ratio

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

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

23.5 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 18503 in Scranton city, PA, a household would need roughly $71,000 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 $1,666. That is about 77% above the local median household income ($40,214), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
3.3%-95% vs US avg
x
Vacancy Rate
24.6%+139% vs US avg
x
Broadband Access
73.7%-15% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
1.1%-91% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
13.8%-72% vs US avg
x
Mortgage-Free
61.5%+61% vs US avg
x
$259,400
Home Value
$920
Rent
1959
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached0.9%
  • 1-unit attached0.0%
  • 2-9 units7.0%
  • 10+ units92.1%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$259,400
Median rent$920
Owner-occupied3.3%
Vacant24.6%
Price-to-income6.5x
Est. income to buy$71,000