Scranton, PA

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Scranton short-term rental market based on reliable data.

Listings

86 / 235

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$22,413

Middle-Earners Revenue

Occupancy

60%

Middle-Earners Occupancy

Home Value

$190,307

Median Home Sale Price

Top Earners

$48,003

Top-Earners Revenue

Scranton

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Scranton.

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B

Generally Investor friendly

Scranton Regulations

STRs are clearly legal and treated under standard rental regulations rather than being prohibited. The licensing process is straightforward with reasonable fees ($45-450 depending on unit count) and online applications, though health/safety inspections and 13% total hotel taxes add operational complexity. No caps or restrictive zoning limits exist, making compliance manageable for investors despite annual renewal requirements.

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About Scranton

Scranton, Pennsylvania is a city of roughly 75,000 residents that serves as the county seat of Lackawanna County in the northeastern corner of the state. Once the heart of the anthracite coal industry and a key stop on the Delaware, Lackawanna and Western Railroad, the city has reinvented itself as a regional hub for healthcare, education, and tourism while retaining its blue-collar character and historic architecture. Scranton gained a new wave of pop-culture fame as the setting of the long-running sitcom "The Office," and it remains a popular pilgrimage destination for fans. It sits about 125 miles northwest of New York City, roughly a two-hour drive via Interstate 80, and serves as a convenient base for exploring the Pocono Mountains and the broader Endless Mountains region of Pennsylvania.

Steamtown National Historic Site sits on the southern edge of downtown Scranton and preserves the story of steam-era railroading in the northeastern United States. Operated by the National Park Service, the site features a working roundhouse, a sprawling collection of historic steam locomotives, and seasonal excursion trains that wind through the surrounding Lackawanna Valley. Visitors can step aboard restored engines and learn about the rail workers who shaped the region, making it a year-round draw for rail enthusiasts and families.

A short drive south of downtown brings visitors to the Lackawanna Coal Mine Tour, where guests descend several hundred feet into a former anthracite mine on a guided rail car. The experience traces the generations of immigrant miners who worked the seams that once fueled the nation's industrial growth, and the above-ground complex in McDade Park adds walking trails and interpretive exhibits. Together with Steamtown, the tour rounds out a heritage-tourism loop that has become a centerpiece of the city's identity.

Just south of the city, straddling the Lackawanna-Luzerne county line, Montage Mountain offers a year-round resort experience. In winter the mountain hosts skiing, snowboarding, and snow tubing, while summer brings a waterpark, mountain biking, and a ropes course. Beyond Montage, the broader Pocono Mountains region stretches east and south, with state parks, lakes, and resort towns that draw weekenders from New York, New Jersey, and Philadelphia throughout the year.

Downtown Scranton itself has been steadily revitalizing, with the restored Lackawanna Station — a grand Beaux-Arts former rail terminal — anchoring a growing district of restaurants, breweries, and small arts venues. Visitors can walk past the recognizable building exteriors that doubled as the Dunder Mifflin office on the show, and neighborhood parks such as Nay Aug Park offer waterfalls, a tree-top walk, and a swimming pool within the city limits.

Scranton makes a compelling base for short-term rentals because of its unusual mix of cultural cachet, outdoor access, and affordability. Travelers drawn by "The Office" tourism overlap with rail and coal heritage visitors, leaf-peepers heading to the Poconos, and families visiting Montage Mountain. With direct interstate connections to New York City and Philadelphia, the city offers big-city weekend appeal without big-city lodging prices, giving owners a broad and varied guest pool throughout the year.

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