Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$242,972+2.0% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$52,671About 0.8× the local median income ($67,341): affordable for a typical household
Days on market54 daysFaster than a year ago: sellers have the edge
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Lackawanna County, PA is worth $242,972, up 2.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $211,784, so the area is 14.7% overvalued. It is a balanced market: homes take about 54 days to sell, listings are up 26% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $52,671 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,341. Typical rent is $1,415 a month, or $1,677 for a house. In the latest IRS figures, 238 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$242,972
Change in 1 year
+2.0%
Overvalued %
+14.7%
Show 7 more
Fair home value
$211,784
Change in 5 years
+36.6%
Zillow forecast, next 12 months
+2.6%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,317
Income needed to afford it
$52,671
Property tax rate
1.49%
Rent and investing
Typical rent
$1,415
Typical rent for houses
$1,677
Price-to-rent ratio
14.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,363
Gross rental yield
6.99%
Cap rate (estimate)
4.54%
Market activity
Listings vs a year ago
+26.4%
Days on market
54
Listings with a price cut
18.7%
Show 3 more
Homes for sale
465
Pending sales per 100 listings
49
Asking price per sq ft
$155
People and jobs
Median household income
$67,341
Population change (1 year)
+0.0%
Unemployment rate
4.9%
Show 4 more
Population
216,502
Income adjusted for cost of living
$71,946
Net moves in (IRS)
+238
Cost of living (US = 100)
93.6
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
89.9
Unhealthy air days a year
3
Show 4 more
Flood risk score
94.1
Wildfire risk score
41.4
Walkability (1 to 20)
8.2
Road, rail and air noise
53 dB
Questions people ask
Is Lackawanna County, PA overvalued?
Home prices in Lackawanna County, PA are well above what local incomes have historically supported: fair value is about $211,784, so the area is 14.7% overvalued.
Is Lackawanna County, PA a buyer's or seller's market?
Lackawanna County, PA is a balanced market: homes take about 54 days to sell, listings are up 26% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Lackawanna County, PA?
Home values in Lackawanna County, PA are up 2.0% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Lackawanna County, PA?
A household needs about $52,671 a year to afford the typical home in Lackawanna County, PA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,341.