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Wayne County, PA

RANK #121 / 996  ·  POP 51,227  ·  PA

PROJECTED GROWTH: +2.7%

Wayne County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Wayne County?

Honesdale, the county seat of Wayne County, Pennsylvania, holds the distinction as the "Birthplace of the American Railroad," where the Stourbridge Lion, the first steam locomotive in the United States, made its maiden voyage in 1829. Located in the Pocono Mountains, Wayne County is in the northeastern corner of Pennsylvania, sharing a border with New York State. The county is approximately an hour's drive from Scranton and offers a rural community feel with small towns and extensive natural beauty. Outdoor recreation is a significant draw, with Lake Wallenpaupack providing opportunities for boating, fishing, and swimming, and the Delaware River offering kayaking and hiking.

Life in Wayne County often involves a blend of small-town living and access to outdoor activities, attracting families and retirees. The public school system is above average, with high schools like Honesdale High School ranking among the top. While public transportation options are limited, efforts are underway to expand shuttle services connecting towns within the county and to nearby cities like Scranton. The economy, historically rooted in farming, lumbering, and tourism, is seeing new investment in business and technology sectors, with initiatives focused on fostering entrepreneurship and job creation.

[02] Market Snapshot

Housing Ratio
5.3x

Above national median (4.7x)

GDP Growth
+2.1%

Below national median

Home Prices
+4.1%

Outpacing national median

Climate & Terrain
0.4

Moderate climate & terrain

Price/Rent
19x

Above national median (13x)

Housing is fairly valued at 5.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Wayne County U.S. National

The Numbers

DEMOGRAPHICS
Population
51,227
-0.03% YoY
Median Household Income
$59,240
Median Home Value
$211,000
+4.07% 12mo
Median Rent
$933
Average Annual Pay
$52,861
+4.2% YoY
Employment
15,462
+1.5% YoY
Income-to-Home-Value
0.2808
More affordable than average
Migration Inflow
3.08%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$285,060
Days on Market
62
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
23.1%
Listings w/ Price Drops
9.0%
Building Permits (2024)
175
Single-Family Permits
175

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

[05] Capital Investment

$25,164M
TOTAL
PROJECT AMOUNT STATUS
Natural Gas Power Generation & Data Center Infrastructure (Northeast PA)
PPL and Blackstone Infrastructure
$25,000M Proposed
Waymart Wind Farm (Ongoing Operations/Potential Upgrades)
Huntsman Wind LLC (previously NextEra Energy Resources)
$64M Operating
Sterling Business & Technology Park Industrial/Logistics Building
Lehigh Valley Underground LLC
$50M Planned
Palmyra Township Solar Farm
ECA Solar
$50M Planned

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

[06] Score Breakdown

GDP Growth +2.1% 37 percentile
Population Growth -0.0% 28 percentile
Income Growth +4.4% 2 percentile
Vacancy Rate 0.3% 99 percentile
Home Price Change +4.1% 84 percentile
Price/Rent 19x 12 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Wayne County has a Boom Town Index score of 88/100, ranking #121 among 996 U.S. counties. With job growth at +1.5% and a median household income of $59,240, it's an above-average county on economic indicators.

Is Wayne County affordable?

The median home value in Wayne County is $211,000 with median rent at $933/month. The income-to-home-value ratio is 0.2808, which is more affordable than the national average.

Is Wayne County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +1.5%. Home values changed +4.1% in the past 12 months.

Are people moving to Wayne County?

Yes — 3.08% of Wayne County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

DeKalb County, IL 98 Rock County, WI 98 Peoria County, IL 98 Macon County, IL 98 Lafayette County, MS 98 Cape May County, NJ 98 Sheboygan County, WI 98 Reno County, KS 98