# Scranton Pennsylvania Residential Rent and Rental Statistics

The **median monthly gross residential rent in Scranton, PA (the Scranton--Wilkes-Barre metro area) was $753 in 2015** according to the Census ACS survey.^{1} **Average gross rent in Scranton was $718 in 2015**. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Scranton median and average rent data will be released in September of 2017.

Data is also available below for Scranton rental vacancy rates, Scranton rent as a percent of median income and the fraction of renters in Scranton.

### Real Gross Rent in Scranton Pennsylvania (2015 dollars)^{2}

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US Median Gross Rent | $959 | +3.12% | +8.24% |

Pennsylvania Median Gross Rent | $868 | +2.84% | +8.50% |

Scranton, PA Median Gross Rent | $753 | +3.72% | +16.56% |

## Scranton, PA Real Gross Rent Trends

At $753, real median gross rent in Scranton was at its highest level in 2015 since the series began in 2005. At $718, real average gross rent in Scranton was at its highest level in 2015 since the series began in 2005.

### Real Gross Rent in Scranton: Scranton PA Median, Scranton PA Average, Pennsylvania Median, US Median

## Real Gross Rent History for Scranton

Date | US Median |
Pennsylvania Median |
Scranton, PA Median |
Scranton, PA Average |
---|---|---|---|---|

2015 | $959 | $868 | $753 | $718 |

2014 | $930 | $844 | $726 | $683 |

2013 | $898 | $822 | $674 | $655 |

2012 | $886 | $800 | $646 | $628 |

2011 | $887 | $800 | $678 | $651 |

2010 | $901 | $804 | $666 | $649 |

2009 | $905 | $793 | $660 | $650 |

2008 | $920 | $811 | $658 | $625 |

2007 | $874 | $759 | $652 | $609 |

2006 | $883 | $769 | $645 | $616 |

2005 | $858 | $762 | $623 | $594 |

## Scranton Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.^{3} **In 2015 the rental vacancy rate for Scranton Pennsylvania was 5.65%** according to Census ACS data.

### Rental Vacancy Rate in Scranton Pennsylvania

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 5.85% | -0.47% | -0.92% |

Pennsylvania | 5.77% | -0.63% | -0.11% |

Scranton, PA | 5.65% | -1.51% | +2.13% |

## Trends in Scranton, PA Rental Vacancy Rate

The rental vacancy rate in Scranton peaked in 2008 at 7.78%. Since then it has fallen by 2.13% to 5.65%. Data records for this series originated in 2005. From a 2011 post peak low of 3.25%, the rental vacancy rate has increased by 2.40%.

### Rental Vacancy Rate: Scranton PA, Pennsylvania, US

## Historical Rental Vacancy Rate data for Scranton

Date | US | Pennsylvania | Scranton, PA |
---|---|---|---|

2015 | 5.85% | 5.77% | 5.65% |

2014 | 6.32% | 6.40% | 7.16% |

2013 | 6.49% | 5.78% | 4.02% |

2012 | 6.77% | 5.88% | 3.52% |

2011 | 7.40% | 6.13% | 3.25% |

2010 | 8.17% | 6.47% | 3.54% |

2009 | 8.43% | 6.80% | 5.58% |

2008 | 7.86% | 6.65% | 7.78% |

2007 | 7.87% | 7.34% | 6.76% |

2006 | 7.70% | 8.09% | 5.98% |

2005 | 7.74% | 7.94% | 5.96% |

## Rent as a Fraction of Income

Using median household income data for Scranton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. **For Scranton, median monthly gross rent as a fraction of median household income was 18.19% in 2015** according to the ACS.

### Scranton Pennsylvania Median Annual Rent as a Fraction of Median Household Income

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 20.63% | -0.26% | -0.02% |

Pennsylvania | 18.70% | -0.42% | +0.01% |

Scranton, PA | 18.19% | -1.14% | +0.17% |

## Trends in Scranton, PA Rent as a Fraction of Income

The fraction of median Scranton household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.33%. Since then it has fallen by 1.14% to 18.19%.

### Fraction of Income towards Rent: Scranton PA, Pennsylvania, US

## Historical Data for Annual Rent as a Fraction of Income in Scranton Pennsylvania

Date | US | Pennsylvania | Scranton, PA |
---|---|---|---|

2015 | 20.63% | 18.70% | 18.19% |

2014 | 20.89% | 19.12% | 19.33% |

2013 | 20.78% | 19.11% | 17.97% |

2012 | 20.65% | 18.69% | 18.02% |

2011 | 20.70% | 18.78% | 18.20% |

2010 | 20.50% | 18.58% | 17.90% |

2009 | 20.12% | 17.88% | 17.62% |

2008 | 19.00% | 17.18% | 16.82% |

2007 | 18.66% | 16.92% | 16.85% |

2006 | 18.90% | 17.22% | 16.74% |

2005 | 18.89% | 17.43% | 17.05% |

## Renter Fraction in Scranton Pennsylvania

You can calculate the renter fraction in Scranton in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Scranton as a fraction of total Scranton households. **In 2015 32.54% of households were renters** according to Census ACS data.

### Scranton Fraction of Renters by Household Units

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 36.97% | +0.07% | +0.88% |

Pennsylvania | 31.28% | +0.11% | +0.19% |

Scranton, PA | 32.54% | +0.98% | -1.91% |

## Trends in the Scranton, PA Renter Fraction

The Scranton household renter fraction peaked in in 2012 at 34.45% and is now 1.91% below that level. The origin year for the series is 2005.

### Fraction of Renting Households: Scranton PA, Pennsylvania, US

## History of Scranton Renter Fraction

Date | US | Pennsylvania | Scranton, PA |
---|---|---|---|

2015 | 36.97% | 31.28% | 32.54% |

2014 | 36.90% | 31.17% | 31.56% |

2013 | 36.50% | 31.05% | 32.00% |

2012 | 36.09% | 31.09% | 34.45% |

2011 | 35.42% | 30.51% | 32.80% |

2010 | 34.65% | 29.87% | 32.16% |

2009 | 34.13% | 29.48% | 31.94% |

2008 | 33.36% | 29.15% | 32.23% |

2007 | 32.80% | 28.36% | 31.33% |

2006 | 32.73% | 28.28% | 30.28% |

2005 | 33.10% | 28.52% | 30.29% |

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩

2. Real dollars are calculated using the CPI-U less shelter series. ↩

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩