Updated 2026 · Based on median market data for Scranton, PA
Scranton sits in the Northeast with a population of 76,089 declining at -0.2% annually. The median home costs $145,000 while rents average $980/mo, producing an estimated cap rate of 5.32%. This is a moderate market that rewards careful deal sourcing.
Scranton works best for experienced investors with a clear strategy — Section 8, student housing, or deep value-add rehabs. The 5.32% cap rate at median prices is tight, so success depends on buying below market, forcing appreciation through renovation, or accessing above-market rent streams through niche tenant bases.
Target properties priced 15-25% below the $145,000 median — around $116,000 or less. At this price point with $980/mo rents, your cap rate improves to roughly 7.2%. Factor in 1.44% property taxes ($2,088/yr), budget 5% of gross rent for maintenance, and underwrite to a 6.8% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,045.
Population decline (-0.2%) is the primary risk — shrinking markets can see rising vacancy and downward pressure on rents and values. Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.
Run the numbers on a specific Scranton property using our cap rate calculator (pre-filled with Scranton data). Compare Scranton against similar markets in the Northeast region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.