Housing market/Pennsylvania/ZIP 18505
ZIP 18505 Scranton, Pennsylvania
Scranton--Wilkes-Barre, PA MSA · Pennsylvania. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 18505 · PA — sent to you.
ZIP 18505 · PA
ACS rent vs 2BR SAFMR
ZIP 18505 — Scranton, PA HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 18505
- 1-unit detached6,09961.0%
- 1-unit attached8979.0%
- 2–4 units1,82418.2%
- 5–49 units1,01210.1%
- 50+ units1641.6%
2–4 unit share 18.2% · 5–49 unit share 10.1% · combined 2–49 28.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $954 (all bedrooms, occupied rentals).
- Median contract rent $788.
- Renters paying ≥30% of income 39.4%; ≥50% 30.0%.
- FY2027 2BR SAFMR $1,340 (1.405× ACS median gross rent).
Population
21,417 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +3.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 471 units.
- HUD project-based assisted MF: 2 properties, 312 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 18505 45.0% of occupied households are renters; vacancy is 14.7%; ACS median gross rent is $954; population increased +3.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,824 units in 2–4-unit structures and 1,012 units in 5–49-unit structures; 7 LIHTC projects totaling 471 units; FY2027 2BR SAFMR is $1,340 versus ACS median gross rent of $954. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Pennsylvania research
ZIP 18505 is a Census / HUD profile for Scranton--Wilkes-Barre, PA. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 18505 — Scranton, PA HUD Section 8 Payment Standards / SAFMR·Pennsylvania ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Pennsylvania research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 18505?
ZIP 18505 (Scranton--Wilkes-Barre, PA MSA) has 21,417 residents, 8,531 households, a renter share of 45.0%, median household income of $52,599, and ACS 2023 median gross rent of $954. Vacancy is 14.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 18505?
ACS counts 1,040 units in 2-unit buildings, 784 in 3–4 unit buildings, 668 in 5–9, 235 in 10–19, and 109 in 20–49. Combined 2–49 unit stock is 2,836 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 18505?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,340. See the full schedule and 90–110% payment-standard band on the ZIP 18505 — Scranton, PA HUD Section 8 Payment Standards / SAFMR.
Does this Pennsylvania ZIP profile include Georgia listings?
No. ZIP 18505 is Census / HUD research for Scranton--Wilkes-Barre, PA MSA. Jeff Crowe CRE does not list Pennsylvania property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.