Lackawanna County, Pennsylvania Housing Market Prices
Lackawanna County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 16% below the Pennsylvania median$127,976
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Median rent 17% below the Pennsylvania median$1,007
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lackawanna County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,976 | $152,469 | $248,835 |
| Price Trend (Annual %) | 4.3% | 3.7% | 7.5% |
| Median Gross Rent | $1,007 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lackawanna County is about 16% lower than in Pennsylvania. Rent is about 17% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lackawanna County, up about 4.3% and 4.4% a year respectively. Rent is changing faster.
Median rent in Lackawanna County rose about 42.0% between 2015 and 2024, from $709 to $1,007. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Lackawanna County.
Buying the median-priced home in Lackawanna County costs roughly 10.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lackawanna County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Lackawanna County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $127,976 | $152,469 | $248,835 |
| Median Household Income | $66,702 | $78,249 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lackawanna County rose about 29.7%, while median household income rose about 46.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lackawanna County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.6% | 63.0% | 58.5% |
| Rental Rate | 30.5% | 27.9% | 31.2% |
| Vacancy Rate | 11.9% | 9.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Lackawanna County has a homeownership rate of 57.6%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 11.9%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Lackawanna County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1957 | 1966 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Lackawanna County was built around 1957. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 18.0 years on average.
Lackawanna County, PA Housing Compared With Nearby Counties
Lackawanna County, PA is the 2nd largest of the 6 counties compared here, 216,127 residents against a local median of 51,259. The measure that sets Lackawanna County, PA apart most is median home price: $127,976, 19% below the local median of $157,852.
Homeownership tells the same story from another angle: 65.4% against a local median of 78.5%, 17% below it. The one measure here that carries a verdict is homeownership, and at 17% below the local median it puts Lackawanna County, PA at the weaker end of the local range. The counties themselves spread $117,264 on median home price, so Lackawanna County, PA sits at one end of an already wide local range rather than apart from it. Lackawanna County, PA has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lackawanna County, PA | 216,127 | $127,976 #6/6 | $1,007 #3/6 | 65.4% #6/6 |
| Wayne County, PA | 51,259 | $153,572 | $1,038 | 80.5% |
| Wyoming County, PA | 25,938 | $270,836 | $942 | 77.9% |
| Susquehanna County, PA | 38,203 | $157,852 | $933 | 78.5% |
| Luzerne County, PA | 326,964 | $153,924 | $1,004 | 67.8% |
| Monroe County, PA | 167,515 | $233,093 | $1,392 | 80.2% |
Frequently Asked Questions
Common questions about the housing market in Lackawanna County, Pennsylvania.
What is the median home price in Lackawanna County, Pennsylvania?
The median home price in Lackawanna County, Pennsylvania is $127,976, lower than the Pennsylvania average of $152,469.
What is the average home price in Lackawanna County, Pennsylvania?
The typical home price in Lackawanna County, Pennsylvania, reported as the median sale price, is $127,976. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lackawanna County, Pennsylvania?
The median gross rent in Lackawanna County, Pennsylvania is $1,007 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Lackawanna County in 2020?
In 2020, the median gross rent in Lackawanna County, Pennsylvania was $798 per month.
What is the price-to-rent ratio in Lackawanna County, Pennsylvania?
The price-to-rent ratio in Lackawanna County, Pennsylvania is about 10.6, meaning it would take roughly 10.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Lackawanna County.
Are home prices or rent rising faster in Lackawanna County, Pennsylvania?
Both home prices and rent are rising in Lackawanna County, up about 4.3% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Lackawanna County, Pennsylvania?
57.6% of households in Lackawanna County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Lackawanna County, Pennsylvania?
The housing vacancy rate in Lackawanna County, Pennsylvania is 11.9%, higher than the Pennsylvania average of 9.1%.
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