The typical owner-occupied home in Scranton is worth about $117,500, 53% below the North Dakota median of $249,900 and 65% below the national median of $332,700. Owners pay a median $918 a year in property taxes, about 0.78% of their home's value, lower than the North Dakota rate of 0.99%. The median household earns $79,750 a year, so the median home costs 1.5 times the median income (3.3 times for North Dakota). 78% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Scranton at a glance
| Scranton | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $117,500 | $249,900 | $332,700 |
| Median property tax paid per year | $918 | $2,468 | $3,119 |
| Property tax as a share of value | 0.78% | 0.99% | 0.94% |
| Median household income | $79,750 | $76,657 | $80,734 |
| Homes lived in by their owners | 78% | 63% | 65% |
| Owner homes with a mortgage | 34% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,414 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 14.4% | 19.4% | 21.0% |
| Median rent | $779 | $954 | $1,413 |
| Rent as a share of renters' income | 17.5% | 25.0% | 30.6% |
| Median year homes were built | 1960 | 1982 | 1980 |
| Vacant homes | 22.5% | 12.3% | 10.1% |
| Population | 387 | 784,841 | 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 $117,500 with 20% down costs about $758 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $953, 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 $32,472 for the 20%-down payment. That payment is 11% of the median Scranton household income of $79,750; at that income and 20% down, the 28% guideline points to a home of about $289,000.
The median rent here is $779 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $23,500 |
|---|---|
| Loan amount | $94,000 |
| Principal and interest | $632 |
| Property taxes (0.78% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $758 |
Change the numbers in the calculator
| Down payment | $4,112 |
|---|---|
| Loan amount | $115,372 |
| Principal and interest | $776 |
| Property taxes (0.78% a year) | $76 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $953 |
Change the numbers in the calculator
Questions about home buying in Scranton
What is the median home value in Scranton?
About $117,500 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 $918 a year, which is about 0.78% 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 $758 a month. Keeping that under 28% of gross income takes about $32,472 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