How much is a home worth in ZIP code 18706?

The typical home in 18706 is worth $179,290, based on the Zillow Home Value Index.

Are home values rising in 18706?

Home values in 18706 are up 1.2% over the past year, and up 7.8% a year over five years.

What is the typical rent in 18706?

A typical home in 18706 rents for about $1,183 a month, a gross rental yield of 7.9%.

What is the property tax rate in 18706?

The effective property tax rate in 18706 is 1.7% — roughly $3,131 a year on a typical home.

ZIP code 18706 has a population of 16,387 and a median household income of $58,558.

HousingHandbookReference data

…

U.S. ZIP Code · PA18706

Luzerne County · Scranton--Wilkes-Barre, PA

Typical home value

$179,290^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.2%
5-year / yr: +7.8%
10-year / yr: +7.2%

Relative price

vs U.S.: -36.9%
vs metro: -17.7%
vs state: -23.2%

Price history

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

The typical home in 18706 is worth $179,290 — 17.7% below the Scranton--Wilkes-Barre, PA median. Over the past year, values have risen 1.2%. Homes here rent for a typical $1,183 a month — a 7.9% 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: $1,183^[2]
Gross yield: 7.9%^[2]
Cap rate: 4.8%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,131^[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: 16,387^[3]
Median household income: $58,558^[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: 5
Elementary: 3
Middle: 1
High: 1

Hanover Area JSHS
High · Grades 7–12 · Hanover Area SD
956 students
Hanover Area Memorial El Sch
Middle · Grades 5–6 · Hanover Area SD
331 students
Lee Park El Sch
Elementary · Grades 3–4 · Hanover Area SD
298 students
Hanover Green El Sch
Elementary · Grades 1–2 · Hanover Area SD
289 students
Lyndwood El Sch
Elementary · Grades PK–K · Hanover Area SD
235 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.

Home value$Monthly rent$

Gross yield7.9%

Net yield (after ~40% expenses)4.8%

Annual rent$14,200

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$907

Loan principal$143,432

Down payment$35,858

Total interest paid$182,940

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.11

Monthly cost to own$1,317

Monthly rent$1,183

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: 69th percentile^[1]
Rental yield: 42nd percentile^[2]
Property tax: 89th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 18706?: The typical home in 18706 is worth $179,290, based on the Zillow Home Value Index.
Are home values rising in 18706?: Home values in 18706 are up 1.2% over the past year, and up 7.8% a year over five years.
What is the typical rent in 18706?: A typical home in 18706 rents for about $1,183 a month, a gross rental yield of 7.9%.
What is the property tax rate in 18706?: The effective property tax rate in 18706 is 1.7% — roughly $3,131 a year on a typical home.
Who lives in 18706?: ZIP code 18706 has a population of 16,387 and a median household income of $58,558.

#Comparable ZIPs

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

18709 vs 18706 →
Luzerne, PA
Typical home
$179,969
Gross yield
—
18702 vs 18706 →
Wilkes-Barre, PA
Typical home
$174,670
Gross yield
8.6%
18505
Scranton, PA
Typical home
$185,301
Gross yield
7.9%
18407
Carbondale, PA
Typical home
$171,706
Gross yield
—
18701
Wilkes-Barre, PA
Typical home
$187,013
Gross yield
7.7%
18705
Wilkes-Barre, PA
Typical home
$188,371
Gross yield
—

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#Jump to section

U.S. ZIP Code · PA18706

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