Penn Lake Park, PA
Full City Profile · Pennsylvania · Luzerne County County
4.3
/5.0
A
Great
343
Population
217/sq mi density
$79,375
Median Income
$44,171 per capita
$233,000
Home Value
$233,590 Zillow
$2,250
Median Rent
51.0% income on rent
47°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
A
Economy
4.3 / 5.0
$79,375 median income, 4.0% unemployment
A+
Affordability
5.0 / 5.0
$233,000 home value, $2,250/mo rent
B+
Education
3.6 / 5.0
33.0% bachelor's degree or higher
Housing Overview
Median Home Value
$233,000
17% below
US avg: $281,900
Median Rent
$2,250/mo
93% above
US avg: $1,163/mo
Homeownership Rate
92.1%
41% above US avg (65.4%)
Total Housing Units
271
Median year built: 1968
Home Value by Source
Census Median
$233,000
Zillow (ZHVI)
$233,590
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
92.1%
Owner-Occupied
7.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$900/mo
1 Bedroom
$996/mo
2 Bedroom
$1,225/mo
3 Bedroom
$1,570/mo
4 Bedroom
$1,744/mo
Census median rent:
$2,250/mo
Affordability & Housing Stock
Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
92.1%
Complete Housing Data
Home Values
| Census Median Value | $233,000 |
| Zillow Home Value (ZHVI) | $233,590 |
Rent
| Census Median Rent | $2,250 |
| FMR Studio | $900 |
| FMR 1-Bedroom | $996 |
| FMR 2-Bedroom | $1,225 |
| FMR 3-Bedroom | $1,570 |
| FMR 4-Bedroom | $1,744 |
Market
Ownership & Stock
| Owner-Occupied | 92.1% |
| Renter-Occupied | 7.9% |
| Homeownership Rate | 92.1% |
| Total Housing Units | 271 |
| Median Year Built | 1968 |
| Rent Burden | 51.0% |