HousingHandbookReference data

U.S. ZIP Code · PA18509

Lackawanna County · Scranton--Wilkes-Barre, PA

Typical home value

$211,333[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
0.0%
5-year / yr
+7.8%
10-year / yr
+7.4%

Relative price

vs U.S.
-25.6%
vs metro
-3.0%
vs state
-9.5%
ZIP 18509 location in PA
Location of ZIP 18509 in PA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 18509 is worth $211,333 — 3.0% below the Scranton--Wilkes-Barre, PA median. Over the past year, values have risen 0.0%. Homes here rent for a typical $1,414 a month — a 8.0% gross rental yield. The effective property tax rate is 1.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,414[2]
Gross yield
8.0%[2]
Cap rate
4.8%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.9%[3]
Typical annual tax
$3,925[3]

#Climate risk

FEMA National Risk Index ratings for Lackawanna County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively High
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Moderate
Hurricane
Relatively Moderate
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
13,055[3]
Median household income
$51,062[3]

#Migration

Household moves in and out of Lackawanna County over a year, from IRS tax-return data.

Net migration
-76[5]
Moved in
4,044
Moved out
4,120

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
2
Elementary
2
Middle
0
High
0
  • Robert Morris #27

    Elementary · Grades K–4 · Scranton SD

    209 students

  • John Adams #4

    Elementary · Grades K–4 · Scranton SD

    195 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield8.0%
Net yield (after ~40% expenses)4.8%
Annual rent$16,966

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,069
Loan principal$169,067
Down payment$42,267
Total interest paid$215,635

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.11
Monthly cost to own$1,572
Monthly rent$1,414

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
71st percentile[1]
Rental yield
58th percentile[2]
Property tax
93rd percentile[3]

Frequently asked

How much is a home worth in ZIP code 18509?
The typical home in 18509 is worth $211,333, based on the Zillow Home Value Index.
Are home values rising in 18509?
Home values in 18509 are up 0.0% over the past year, and up 7.8% a year over five years.
What is the typical rent in 18509?
A typical home in 18509 rents for about $1,414 a month, a gross rental yield of 8.0%.
What is the property tax rate in 18509?
The effective property tax rate in 18509 is 1.9% — roughly $3,925 a year on a typical home.
Who lives in 18509?
ZIP code 18509 has a population of 13,055 and a median household income of $51,062.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Old Forge, PA

    Typical home
    $213,006
    Gross yield
  • Dunmore, PA

    Typical home
    $213,683
    Gross yield
    7.0%
  • Swoyersville, PA

    Typical home
    $214,412
    Gross yield
    7.9%
  • Pittston, PA

    Typical home
    $207,722
    Gross yield
    6.3%
  • Duryea, PA

    Typical home
    $207,429
    Gross yield
  • Jessup, PA

    Typical home
    $204,083
    Gross yield

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