Explore available listings and evaluate market performance.
Scranton, PA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,254
Monthly Cash Flow
$102
Principal + Equity
$1,258
Annual Total Gain
$16,310
Cash on Cash
2.56%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$134
Occupancy Rate
51.61%
Monthly Revenue
$1,550
Monthly Cash Flow
$165
Principal + Equity
$1,258
Annual Total Gain
$17,069
Cash on Cash %
4.15%
Net ROI %
Market Health & Growth
Median Income
$49,531
Population
76,074
LTR Renter %
49.32%
Forecast (1 yr)
2.13%
Appreciation (1 yr)
9.4%
Appreciation (5 yr)
68.38%
Appreciation (10 yr)
96.69%
Job Growth
-1.83%
LTR Rentability
Moderate
STR Demand
47
STR Rentals
129
Top Public Schools
BNorth Pocono High School
B-Bear Creek Community Charter School
B-
C
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Best Places to Retire in Pennsylvania
#562out of 1311 markets
Most Diverse Places to Live in Pennsylvania
#131out of 1528 markets
Best Places for Young Professionals in Pennsylvania
#427out of 1528 markets
C
Public School
D
Crime And Safety
C
Housing
A-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Scranton, PA.
As of September 2021, Scranton, PA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of STRs on the local community, including concerns about noise, parking, and the overall character of the neighborhood. It is important to research the specific neighborhood where the property is located and to consider how STRs may affect the quality of life for residents in the area.
Additionally, investors should be aware of any potential tax implications for STRs in Scranton, including occupancy taxes or other fees that may apply to short term rental properties. It is important to consult with a tax professional to understand the full financial implications of investing in a property for short term rental purposes.
Overall, investors should thoroughly research the market and consider all potential risks and regulations before purchasing a property in Scranton, PA for short term rental purposes.
Market Trends Over Time
Explore 25 years of market data for Scranton, PA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Scranton, PA.
The LTR Genie Score of Scranton, PA is 75, indicating a high level of potential for long-term rental investment in the area. The moderate LTR Rentability suggests that there is a decent demand for long-term rentals in Scranton. Additionally, the LTR Net ROI of 34.24% is quite attractive for investors looking for stable returns. On the other hand, the STR Genie Score of 61 suggests a moderate potential for short-term rental investment in Scranton. The STR Net ROI of 35.83% is slightly higher than the LTR Net ROI, indicating that short-term rentals could also be a profitable option in this market.
Scranton, PA is a city known for its affordable housing market and strong rental demand, making it an attractive location for real estate investors. With a 1-Year Price Appreciation Forecast of 2.13%, investors can expect some growth in property values in the near future. The STR Occupancy rate of 51.61% and average STR Revenue of $1550 further support the potential for short-term rental investments in Scranton.
Overall, Scranton, PA appears to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this market. With favorable ROI metrics and a stable rental market, Scranton presents a compelling opportunity for real estate investors.
LTR Genie Score 93
$91,485
🛏 2 Beds🛁 2.0000 Baths🏙 1,227 sqft.🏠 SINGLE FAMILY
