Market Overview
Home Prices in Scranton, IA
The median home value in Scranton, IA is $193,620 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Scranton are priced53% below average.
Over the past five years, Scranton home values have risen by approximately53.3%, reflecting strong long-term appreciation in this market.
Price History
Scranton Home Price Trend
2020
$106,658
$107K
—
2021
$126,274
$126K
+18.4%
2022
$160,718
$161K
+27.3%
2023
$163,336
$163K
+1.6%
2024
$181,634
$182K
+11.2%
2025
$182,171
$182K
+0.3%
2026
$193,620
$194K
+6.3%
City Comparison
Scranton vs. National Median
🏠 Scranton
$193,620
National Median
$410,000
At $193,620, homes in Scranton cost 53% below the national median of $410,000. This makes Scranton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Scranton?
20% Down Payment
$38,724
on $193,620
Monthly P&I
$1,010/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,283/mo
incl. taxes & insurance
Income Needed
$51,320
gross annual (30% rule)
10% Down Option
$19,362
+ PMI applies
Loan Amount (20% dn)
$154,896
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Scranton, IA?
The median home value in Scranton is $193,620 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Scranton?
Over the past year, home values in Scranton have increased by 6.3%. Over five years, prices have risen approximately 53.3%.
How much do I need to earn to buy a home in Scranton?
To comfortably afford the median home price of $193,620 with a 20% down payment ($38,724) at today's rates (6.8%), you'd need a gross annual income of approximately $51,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Scranton compare to the national average home price?
The national median home value is approximately $410,000. At $193,620, homes in Scranton are 53% below the national average.