Information on Tobyhanna PA ?

[Michael Fucillo]

Hello BP! I am just looking to get some background info on Tobyhanna, PA. What type of population lives there. Crime info? Areas to stay away from/look in? If there is anyone who has SFR here what is your vacancy rate? Rental rate (please include stats for home so I can compare)? Also any general info you can provide is greatly appreciated. I was recently presented with an opportunity in this area, but I am from NJ and do not know anything about PA. The deal is appealing because the price point is more within reach than what is available here in NJ. Thanks in advance.

[Gregory H.]

One of the worst housing markets in the country, 27% of homes still severely underwater nearly a decade after the last financial crisis. Even the wealthy community of Lake Naomi nearby is having serious problems recovering property values.

https://www.reuters.com/article/us-usa-housing-underwater-insight/millions-of-americans-still-trapped-in-debt-logged-homes-ten-years-after-crisis-idUSKCN1LU0EP

[Michael Fucillo]

@Gregory Hiban Thank You! The numbers seemed too good to be true!

[Mark Shay]

A lot has happened in Tobyhanna Township over the past few years. STR just became regulated and the new ordinance is causing some angst. There were an estimated 800 STRs operating in the township before the ordinance and based on a surge of new properties for sale, some of those operators are getting out. The ordinance limits occupancy to 2 per bedroom, with a maximum of 10 per property. The number of bedrooms for STR has to match the number of bedrooms cited in the septic permit, so you are seeing homes with 7 BR now have a 10 person STR occupancy limit and some homes that had bedrooms added without permits now being restricted. Check the Tobyhanna Township website for the latest details - Also, pay attention to mailing addresses and legal addresses as there is a Tobyhanna, PA zip code that includes neighboring Coolbaugh Township and the Tobyhanna zip code does not completely line up with Tobyhanna Township.

[Mark Shay]

Zip Codes and Mailing Addresses don't match Township names in the Poconos.  Regulations come from municipalities and we do have one called Tobyhanna Township, we also have a zip code for Tobyhanna, PA  and they are not the same.  Most of Tobyhanna Township has zip codes of Pocono Lake and Pocono Pines.  Most of Tobyhanna zip code is in Coolbaugh Township.