Compare with
A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already −5.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −18.3% YoY, is the number to watch.
The median listing price is down 5.4% YoY while the median home got down 12.4% bigger, so value per square foot is up 3.4%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $212K purchase rents for $1,200/mo: 0.57% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Rentals here take about 3 days longer to find a tenant than sales take to go under contract (median across 2 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 18504 itself, not its parent county.
Renters hold 42.1% of this ZIP's 8,587 occupied households, on a median household income of $55K.
| Measure | ZIP 18504 | Lackawanna County | Difference |
|---|---|---|---|
| Median Household Income | $55K | $66K | -$11K |
| Below Poverty Level | 23.9% | 14.4% | +9.5% |
| Median Age | 39.40 | 41.90 | -2.50 |
| Total Population | 21,069 | 216,146 | -- |
| Avg Household Size | 2.44 | 2.35 | +0.09 |
| Owner-Occupied | 57.9% | 65.4% | -7.5% |
| Worked From Home | 8.0% | 10.0% | -2.0% |
| Mean Commute | 18.90 | 21.10 | -2.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.1% to 216,146: residents under 18 are down 0.2% and those 65 and over are up 1.6%.
County median household income is $66K, 14.4% of residents are below the poverty level, 10.0% work from home.