HousingHandbookReference data

U.S. ZIP Code · PA18640

Luzerne County · Scranton--Wilkes-Barre, PA

Typical home value

$207,722[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.0%
5-year / yr
+5.9%
10-year / yr
+5.1%

Relative price

vs U.S.
-26.9%
vs metro
-4.6%
vs state
-11.0%
ZIP 18640 location in PA
Location of ZIP 18640 in PA

Price history

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

The typical home in 18640 is worth $207,722 — 4.6% below the Scranton--Wilkes-Barre, PA median. Over the past year, values have risen 2.0%. Homes here rent for a typical $1,088 a month — a 6.3% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent
$1,088[2]
Gross yield
6.3%[2]
Cap rate
3.8%[2]

#Property tax

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

Effective tax rate
1.7%[3]
Typical annual tax
$3,481[3]

#Climate risk

FEMA National Risk Index ratings for Luzerne 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
Very High

#Who lives here

Population
16,581[3]
Median household income
$60,862[3]

#Migration

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

Net migration
-80[5]
Moved in
6,104
Moved out
6,184

Schools

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

Public schools
4
Elementary
2
Middle
1
High
1
  • Pittston Area SHS

    High · Grades 9–12 · Pittston Area SD

    1,076 students

  • Pittston Area MS

    Middle · Grades 5–8 · Pittston Area SD

    959 students

  • Pittston City Intrmd Ctr

    Elementary · Grades 2–4 · Pittston Area SD

    702 students

  • Martin F Quinn Pittston Area Primary Ctr

    Elementary · Grades PK–1 · Pittston Area SD

    454 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 yield6.3%
Net yield (after ~40% expenses)3.8%
Annual rent$13,050

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$1,050
Loan principal$166,177
Down payment$41,544
Total interest paid$211,950

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 ratio1.39
Monthly cost to own$1,514
Monthly rent$1,088

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
40th percentile[1]
Rental yield
0th percentile[2]
Property tax
85th percentile[3]

Frequently asked

How much is a home worth in ZIP code 18640?
The typical home in 18640 is worth $207,722, based on the Zillow Home Value Index.
Are home values rising in 18640?
Home values in 18640 are up 2.0% over the past year, and up 5.9% a year over five years.
What is the typical rent in 18640?
A typical home in 18640 rents for about $1,088 a month, a gross rental yield of 6.3%.
What is the property tax rate in 18640?
The effective property tax rate in 18640 is 1.7% — roughly $3,481 a year on a typical home.
Who lives in 18640?
ZIP code 18640 has a population of 16,581 and a median household income of $60,862.

#Comparable ZIPs

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

  • Duryea, PA

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

    Typical home
    $211,333
    Gross yield
    8.0%
  • Jessup, PA

    Typical home
    $204,083
    Gross yield
  • 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%

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