Marcellus Drilling Means High Housing Prices in Towanda PA

When an area sees a lot a drilling, one of the unintended consequences is a serious jump in the price of housing—both rental and for purchase. Towanda (Bradford County), PA seems to be ground zero for an extraordinary jump in housing prices over the past few years. How about $2,000 to rent a two-bedroom apartment in this relatively rural part of PA? Yeah, nosebleed-high prices. An article in yesterday’s Towanda newspaper, The Daily Review, highlights the plight of a family flooded out of their Towanda home last year. Because of the high prices for real estate due to the Marcellus drilling boom, they still have not been able to leave their FEMA trailer.

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