The typical owner-occupied home in Scranton is worth about $75,900, 65% below the Kansas median of $217,200 and 77% below the national median of $332,700. Owners pay a median $1,365 a year in property taxes, about 1.80% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $56,793 a year, so the median home costs 1.3 times the median income (2.9 times for Kansas). 87% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Scranton at a glance
| Scranton | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $75,900 | $217,200 | $332,700 |
| Median property tax paid per year | $1,365 | $2,798 | $3,119 |
| Property tax as a share of value | 1.80% | 1.29% | 0.94% |
| Median household income | $56,793 | $74,275 | $80,734 |
| Homes lived in by their owners | 87% | 67% | 65% |
| Owner homes with a mortgage | 74% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,093 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.4% | 21.0% |
| Median rent | $768 | $1,060 | $1,413 |
| Rent as a share of renters' income | 25.5% | 27.1% | 30.6% |
| Median year homes were built | 1984 | 1976 | 1980 |
| Vacant homes | 10.0% | 9.2% | 10.1% |
| Population | 911 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Scranton
At this week's average 30-year rate of 7.11%, buying the median Scranton home of $75,900 with 20% down costs about $554 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $680, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,741 for the 20%-down payment. That payment is 12% of the median Scranton household income of $56,793; at that income and 20% down, the 28% guideline points to a home of about $182,000.
The median rent here is $768 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $15,180 |
|---|---|
| Loan amount | $60,720 |
| Principal and interest | $408 |
| Property taxes (1.80% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $554 |
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| Down payment | $2,656 |
|---|---|
| Loan amount | $74,525 |
| Principal and interest | $501 |
| Property taxes (1.80% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $680 |
Change the numbers in the calculator
Questions about home buying in Scranton
What is the median home value in Scranton?
About $75,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Scranton?
Homeowners pay a median $1,365 a year, which is about 1.80% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Scranton?
For the median home with 20% down at 7.11%, the payment is about $554 a month. Keeping that under 28% of gross income takes about $23,741 a year.
More about Scranton
- Mortgage Refinance in Scranton
- Debt Relief in Scranton
- Home Equity Loans in Scranton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data