Study Highlights Housing Market Challenges in Lackawanna County

A new study was commissioned to address local housing market issues in Lackawanna County. The study, commissioned by the Greater Scranton Chamber of Commerce and the Greater Scranton Board of Realtors, found that increased demand for housing since 2020 has intensified market pressures. These pressures are linked to the county's aging and limited housing supply, creating affordability challenges for low-and-moderate-income households, renters, first-time buyers, and seniors.

The findings detail systemic housing market issues that affect the county's residential landscape. The study provides a foundation of recommendations aimed at bolstering housing supply and improving affordability. Stakeholders view the research as a blueprint for strategic action to expand homeownership opportunities for residents.