18503, Scranton, PA

The 18503 zip code of Scranton, PA has a population of around 121,000 people and a median household income of $40,000. The home equity and home prices in this zip code are both relatively high when compared to other zip codes in the area. In 2018, the median home value in this zip code was $128,500, which is significantly higher than the median home value in the surrounding area of $77,500. Additionally, the percentage of homes that are owner-occupied is significantly higher in this zip code than in other areas of the city. This may be due to the fact that many families who live in this zip code have moderate to high incomes.

Despite these positive factors, there are some limitations to consider when examining home equity and home prices in this specific area. First and foremost, it should be noted that there is a significant amount of housing stock available within this zip code that is not currently occupied. This could lead to increased demand for homes over time if more people decide to purchase or rent properties within this area. Additionally, while many homes within this zip code are owner-occupied, there are also a significant number of rental properties available for purchase or rent. This could lead to increased competition for these properties over time if more people decide to invest their money into purchasing or renting property here instead of elsewhere in the city.