Side-by-side comparison of Scranton, PA and Erie, PA — cap rates, rent, prices, and investment metrics.
Cash flow: Scranton has the edge with an estimated cap rate of 5.32% compared to Erie's 5.07%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $145,000 in Scranton vs $135,000 in Erie, while rents come in at $980/mo and $880/mo respectively.
Growth & appreciation: Scranton is growing faster at -0.2% annually, while Erie is losing population. Scranton leads on home value appreciation at 1.9% per year.
Costs & risk: Property taxes are 1.44% in Scranton vs 1.4% in Erie. Vacancy rates of 6.8% and 7% are mixed — Scranton has the tighter rental market.
Bottom line: Scranton edges out Erie on most key metrics. With a 5.32% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Scranton or Erie.