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Monroe County, PA

Coolbaugh

RANK #885 / 996 NAT  ·  #43 / 44 PA  ·  POP 168,128

1YR FORECAST: +0.5%

5YR OUTLOOK: +13%

Our model projects Monroe County's housing market at +0.5% over the next year, underperforming most U.S. counties.

[01] Why Monroe County?

Monroe County, Pennsylvania, known as the "Honeymoon Capital of the World," is situated in the Pocono Mountains, approximately 75 miles west of New York City and 90 miles north of Philadelphia. This eastern Pennsylvania county is characterized by its mountainous terrain, river valleys, and extensive forests, offering a blend of natural beauty and accessibility. Stroudsburg, the county seat, features historic architecture and a downtown area. Commuting options include major interstate highways like I-80 and I-380, and local bus services provided by the Pocono Pony. The region provides year-round outdoor recreation, with opportunities for hiking in the Delaware Water Gap National Recreation Area, skiing, and exploring waterfalls like Bushkill Falls.

Life in Monroe County offers a balance of natural surroundings and community amenities. The county's public schools are generally considered above average, with districts like Stroudsburg Area School District and Pleasant Valley School District serving local families. The economy is influenced by its tourism industry, drawing visitors to resorts and recreational areas. Recent economic developments include investments in commercial and residential sectors, as well as growth in data centers and energy. The county aims to diversify its economy by attracting businesses that complement its existing industries, while maintaining its quality of life and natural character.

[02] Market Snapshot

Housing Ratio
4.9x

Above national median (4.7x)

GDP Growth
+2.8%

Above national median

Home Prices
-0.4%

Prices declining

Climate & Terrain
0.9

Moderate climate & terrain

Price/Rent
10x

Strong rental yield

Housing is fairly valued at 4.9x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Federal Government (Tobyhanna Army Depot) Military
    5,000+
  2. 2
    Sanofi Pasteur Inc. Healthcare
    1,000+
  3. 3
    Lehigh Valley Hospital - Pocono Healthcare
  4. 4
    Kalahari Resorts & Conventions Hospitality
  5. 5
    Mount Airy Casino Resort Hospitality
  6. 6
    Pocono Mountain School District Education
  7. 7
    East Stroudsburg Area School District Education
  8. 8
    Wal-Mart Associates Inc. Retail
  9. 9
    Stroudsburg Area School District Education
  10. 10
    Saint Luke's Hospital Healthcare

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Monroe County U.S. National

The Numbers

DEMOGRAPHICS
Population
168,128
0.0% YoY
Median Household Income
$80,656
Median Home Value
$221,100
-0.38% 12mo
Median Rent
$1,311
Average Annual Pay
$53,536
+2.2% YoY
Employment
56,939
+2.1% YoY
Income-to-Home-Value
0.3648
More affordable than average
Migration Inflow
2.33%
of pop. from another state
Bachelor's Degree+
26.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$299,000
Days on Market
74
Slower market
Months of Supply
4.0
Balanced market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
23.1%
Listings w/ Price Drops
16.2%
Building Permits (2024)
278
Single-Family Permits
226

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
4.0
per 100K · nat avg 6.3
Firearm Fatalities
13.4
per 100K · nat avg 14.8
Injury Deaths
93.8
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
36.0
Good
Good Air Days
92%
668 of 729 days
Unhealthy+ Days (3yr)
3
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
35
2022
39
2023
34
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,280M
TOTAL
PROJECT AMOUNT STATUS
Monroe County Data Center (Tobyhanna Township)
Undisclosed Developer
$500M Proposed
Monroe County Data Center (Chestnuthill Township)
Undisclosed Developer
$500M Proposed
Various Residential Developments
Multiple Homebuilders
$100M Under Construction
Swiftwater Solar Project
Apex Clean Energy
$80M Proposed
Regional Energy Access Expansion Project (Effort Loop)
Williams Natural Gas (Transcontinental Gas Pipe Line Company, LLC)
$50M Under Construction
PA 611 Corridor Study Area Improvements
PennDOT / NEPA MPO
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.8% 51 percentile
Population Growth 0.0% 30 percentile
Income Growth +11.0% 90 percentile
Vacancy Rate 0.9% 66 percentile
Home Price Change -0.4% 27 percentile
Rent Growth +3.8% 64 percentile
Price/Rent 10x 90 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Monroe County, PA a good place to move to?

The data is not encouraging — Monroe County scores just 10/100 on the Boom Town Index, ranking #885 of 996 counties. Job growth at +2.1% and median household income of $80,656 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Monroe County affordable?

By national standards, Monroe County is quite affordable. Homes here have a median value of $221,100, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $1,311/month. Residents can generally buy a home without being cost-burdened.

Is Monroe County growing or shrinking?

Employers in Monroe County are hiring — job growth of +2.1% — but the population is close to flat (0.0% YoY). Home values moved -0.4% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Monroe County?

There's a moderate stream of newcomers. About 2.33% of residents moved from another state, which is above average and suggests Monroe County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Armstrong County, PA 7 Beaver County, PA 14 Allegheny County, PA 16 Bucks County, PA 17 Carbon County, PA 19 Butler County, PA 20 Stafford County, VA 10 Fayette County, GA 10