Wayne County, Pennsylvania Housing Market Prices
Wayne 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 1% above the Pennsylvania median$153,572
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Median rent 14% below the Pennsylvania median$1,038
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $153,572 | $152,469 | $248,835 |
| Price Trend (Annual %) | 2.1% | 3.7% | 7.5% |
| Median Gross Rent | $1,038 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wayne County is about 1% higher than in Pennsylvania. Rent is about 14% 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 Wayne County, up about 2.1% and 3.2% a year respectively. Rent is changing faster.
Median rent in Wayne County rose about 25.7% between 2015 and 2024, from $826 to $1,038. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Wayne County.
Buying the median-priced home in Wayne County costs roughly 12.3 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 Wayne County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $153,572 | $152,469 | $248,835 |
| Median Household Income | $63,340 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wayne County rose about 10.0%, while median household income rose about 37.8% 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 | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.3% | 63.0% | 58.5% |
| Rental Rate | 12.6% | 27.9% | 31.2% |
| Vacancy Rate | 35.1% | 9.1% | 10.2% |
| Median Tenure (years) | 20.0 | 17.0 | 15.0 |
| Median Year Moved In | 2006 | 2009 | 2011 |
Wayne County has a homeownership rate of 52.3%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 35.1%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1975 | 1966 | 1978 |
| Median Number of Rooms | 5.9 | 6.0 | 5.5 |
The typical housing unit in Wayne County was built around 1975. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 20.0 years on average.
Wayne County, PA Housing Compared With Nearby Counties
Wayne County, PA is the 5th largest of the 6 counties compared here, 51,259 residents against a local median of 79,713. The measure that sets Wayne County, PA apart most is median home price: $153,572, 34% below the local median of $233,093.
The counties themselves spread $136,487 on median home price, so Wayne County, PA sits at one end of an already wide local range rather than apart from it. Wayne County, PA has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wayne County, PA | 51,259 | $153,572 #5/6 | $1,038 #4/6 | 80.5% #2/6 |
| Lackawanna County, PA | 216,127 | $127,976 | $1,007 | 65.4% |
| Pike County, PA | 60,618 | $264,463 | $1,378 | 87.0% |
| Susquehanna County, PA | 38,203 | $157,852 | $933 | 78.5% |
| Sullivan County, NY | 79,713 | $257,426 | $1,106 | 67.4% |
| Monroe County, PA | 167,515 | $233,093 | $1,392 | 80.2% |
Frequently Asked Questions
Common questions about the housing market in Wayne County, Pennsylvania.
What is the median home price in Wayne County, Pennsylvania?
The median home price in Wayne County, Pennsylvania is $153,572, higher than the Pennsylvania average of $152,469.
What is the average home price in Wayne County, Pennsylvania?
The typical home price in Wayne County, Pennsylvania, reported as the median sale price, is $153,572. 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 Wayne County, Pennsylvania?
The median gross rent in Wayne County, Pennsylvania is $1,038 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Wayne County in 2020?
In 2020, the median gross rent in Wayne County, Pennsylvania was $790 per month.
What is the price-to-rent ratio in Wayne County, Pennsylvania?
The price-to-rent ratio in Wayne County, Pennsylvania is about 12.3, meaning it would take roughly 12.3 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 Wayne County.
Are home prices or rent rising faster in Wayne County, Pennsylvania?
Both home prices and rent are rising in Wayne County, up about 2.1% and 3.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Wayne County, Pennsylvania?
52.3% of households in Wayne County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Wayne County, Pennsylvania?
The housing vacancy rate in Wayne County, Pennsylvania is 35.1%, higher than the Pennsylvania average of 9.1%.
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