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Rental Insights for ZIP Code 18512 (Scranton, PA)

Housing Rentals in ZIP Code 18512 (Scranton, PA)

18512 ZIP Code in Pennsylvania

Information for Renters in ZIP Code 18512

ZIP Code 18512 is predominantly located in Scranton, PA in Lackawanna County. This region of Pennsylvania has an estimated median housing rent of $770 per month. About 31.1% of total housing units in this Lackawanna County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 8.6%.

The median rent in ZIP Code 18512 of $770 per month is 18% lower than the aggregate Pennsylvania median monthly rent of $938, and is 27% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 58.7% of renters in ZIP Code 18512 pay between $500 and $999 per month for housing. That is 33% higher than in Pennsylvania overall, in which 44.0% of total state residents pay between $500 and $999 per month for housing. Just 2.4% of ZIP Code 18512 renters pay between $1,500 and $1,999 for monthly rent.

ZIP Code 18512 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 18512

See the chart below for a comparison of monthly rental costs in ZIP Code 18512, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 18512 along with those in the state of Pennsylvania and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 18512

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 18512 Pennsylvania U.S.
Less than $500 17.8% 12.2% 9.4%
$500 to $999 58.7% 44.0% 36.2%
$1,000 to $1,499 21.1% 29.6% 30.0%
$1,500 to $1,999 2.4% 9.3% 14.0%
$2,000 to $2,499 0.0% 2.9% 5.6%
$2,500 to $2,999 0.0% 1.0% 2.4%
$3,000 or more 0.0% 0.9% 2.4%

Rent Cost vs. Income in ZIP Code 18512

Renters in ZIP Code 18512 use an estimated 26.67% of their income to cover their monthly rent payments. That is about 9% lower than in Pennsylvania overall. The estimate for Pennsylvania overall is 29.19% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 18512 renters use about 11% less of their income to cover rent expense. Household income figures for ZIP Code 18512 come in lower than in Pennsylvania as a whole. The median annual household income in ZIP Code 18512 of $55,615 sits approximately 10% lower than the overall Pennsylvania median income of $61,744 and approximately 12% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 18512

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 18512, Pennsylvania, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 18512 along with the same calculations in the state of Pennsylvania and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 18512

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 18512 Pennsylvania U.S.
Less than 15.0 percent 17.9% 14.8% 13.1%
15.0 to 19.9 percent 20.7% 13.5% 12.9%
20.0 to 24.9 percent 13.6% 12.6% 12.9%
25.0 to 29.9 percent 8.0% 11.3% 11.6%
30.0 to 34.9 percent 9.2% 8.7% 9.1%
35.0 percent or more 30.6% 39.0% 40.5%

Household Income in ZIP Code 18512

See the table below for the regional comparison of annual household income in ZIP Code 18512.

Income ZIP 18512 Pennsylvania U.S.
Less than $10,000 5.4% 6.1% 6.0%
$10,000 to $14,999 4.1% 4.3% 4.3%
$15,000 to $24,999 10.4% 9.3% 8.9%
$25,000 to $34,999 10.4% 9.2% 8.9%
$35,000 to $49,999 12.0% 12.3% 12.3%
$50,000 to $74,999 20.4% 17.6% 17.2%
$75,000 to $99,999 13.1% 13.1% 12.7%
$100,000 to $149,999 17.1% 15.2% 15.1%
$150,000 to $199,999 4.8% 6.4% 6.8%
$200,000 or more 2.2% 6.6% 7.7%

Household Income in ZIP Code 18512

See the chart below for a comparison of annual household income figures in ZIP Code 18512, Pennsylvania, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 18512 alongside the same figures for the state of Pennsylvania and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 18512

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 18512.

ZIP 18512 Pennsylvania U.S.
Median Housing Rent $770 $938 $1,062
Renter-Occupied Housing Units 31.1% 31.1% 36.0%
Rental Vacancy Rate 8.6% 5.4% 6.0%
Average Size of Renter-Occupied Unit 1.62 2.20 2.49
Average # of Bedrooms Per Unit 2.61 2.8 2.75
Percent of Income Spent on Rent 26.67% 29.19% 29.83%
Per Capita Income $32,222 $34,352 $34,103
Median Household Income $70,471 $84,849 $88,607
Living Below the Poverty Line 2.7% 8.4% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 18512

In ZIP Code 18512 (Scranton, PA), and estimated 31.1% of housing units are occupied by renters. This region has an approximate rental vacany rate of 8.6%.

The per capita income in 18512 is estimated at $32,222, which goes along with an estimated median household income of $70,471. About 2.7% of residents in this Lackawanna County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.62 occupants, while the units have an aggregate average size of 2.61 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.67% of their income on housing rental costs.

Rental FAQs for ZIP Code 18512

1

What is the median monthly rent in ZIP Code 18512?

Median rent for housing in ZIP Code 18512 in Lackawanna County in Pennsylvania is approximately $770 per month.
2

Is it expensive to rent in ZIP Code 18512?

Rent in ZIP Code 18512 is lower than average in the state of Pennsylvania overall. The median monthly rent of $770 in ZIP Code 18512 is approximately 18% lower than the Pennsylvania median of $938. Additionally, median rent in this Scranton, PA region ($770) is about 27% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 18512?

High-priced rentals are not common in the Scranton, PA ZIP Code of 18512, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Pennsylvania overall, approximately 0.9% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 18512?

Affordable rentals are more common in ZIP Code 18512 than in Pennsylvania overall. The percentage of housing rentals in ZIP Code 18512 costing $999 or less per month (76.5%) is approximately 36% higher than the Pennsylvania rate of 56.2% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 68% lower than the previously mentioned 18512 rate of 76.5%.
5

What is the most common cost range that rentals fall into in ZIP Code 18512?

The most common range for rental cost in ZIP Code 18512 is between $500 and $999 per month. About 58.7% of renters in 18512 pay in this range for monthly rent. In comparison, approximately 44.0% of renters in the state of Pennsylvania fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 18512 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 18512 is higher than the rental vacancy rate in the state of Pennsylvania overall. Rental vacancy of 8.6% in ZIP Code 18512 is about 59% higher than the Pennsylvania rate of 5.4%. Looking more broadly, rental vacancy in this Scranton, PA region (8.6%) is an estimated 43% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 18512? How does it compare to other Pennsylvania regions?

Median household income in ZIP Code 18512 is lower than in the state of Pennsylvania overall. Annual household income of $55,615 in ZIP Code 18512 is about 10% lower than the Pennsylvania median of $61,744. Additionally, median household income in this Scranton, PA region ($55,615) is approximately 12% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 18512 spend on housing costs?

Renters in ZIP Code 18512 spend a lower amount of their income on rent costs than do renters in Pennsylvania overall. Renters in ZIP Code 18512 spend an estimated 26.67% of their income on rent payments, which is about 9% lower than the overall Pennsylvania estimated rate of 29.19%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 11% higher than the ZIP Code 18512 estimated rate of 26.67%.
9

Do renters in ZIP Code 18512 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 18512 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 18512 spending 30 percent or more of their income on rent costs (39.8%) is approximately 17% lower than the Pennsylvania rate of 47.7% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 20% higher than the aforementioned 18512 rate of 39.8%.
10

What is the average household size of renter-occupied units in ZIP Code 18512?

The average household size of renter-occupied units in ZIP Code 18512 is lower than in the state of Pennsylvania overall. Annual household size of 1.62 in ZIP Code 18512 is about 26% lower than the Pennsylvania median of 2.20. Additionally, median household size in this Scranton, PA region (1.62) is approximately 35% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Pennsylvania ZIP Codes