Allentown, NJ—08501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Allentown, NJ
As of Oct '25, the median home price in Allentown, NJ is $700,000, with a year-over-year change of 0.6%. This indicates that home prices in Allentown, NJ are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $700,000 | 0.6% |
| Single Family | $702,000 | 0.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $575,000 | -0.9% |
3 Bed | $600,000 | 1.5% |
4 Bed | $891,000 | 2.1% |
| 5 Bed | $1,124,000 | 3.0% |
% of Housing Stock
Rental Trends — Allentown, NJ
As of July '25, Rentcast reports the average rent in Allentown, NJ is $2,600, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in Allentown, NJ is 1-bedrooms: $1,920, 2-bedrooms: $2,220, 3-bedrooms: $3,150, 4-bedrooms: $4,000. The most common rental property sizes in Allentown, NJ are 2-bedroom and 3-bedroom, accounting for 43.1% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,920 |
| 2 Bed Rent | $2,250 | $2,220 |
| 3 Bed Rent | $2,800 | $3,150 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Allentown, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Allentown, NJ is 48. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $801,000 | 5.0% |
Listing Count | 20 | -23.0% |
| Listings as % of Homes | 0.7% | -23.0% |
Days on Market | 48 | 26.0% |
Demographics — Allentown, NJ
As of the latest ACS Survey released in 2023, Allentown, NJ has a population of 6,300, which has increased by 1.2% over the past 5 years. Allentown, NJ is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 59.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,300 | 1.2% |
% Under 18 | 19.5% | -8.0% |
% Seniors | 27.4% | 32.4% |
% WFH | 25.3% | 148.0% |
% w/ College Degree | 59.7% | 11.2% |
As of the latest ACS Survey released in 2023, Allentown, NJ is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Allentown, NJ is hispanic, making up 10.0% of the population. Foreign-born residents account for 9.4% of the population in Allentown, NJ, and this percentage has increased by 3.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.9% | -4.5% |
% Black | 2.4% | -41.5% |
% Hispanic | 10.0% | 100.0% |
% Asian | 6.3% | 16.7% |
% Foreign Born | 9.4% | 3.3% |
Mortgage and Risk — Allentown, NJ
According to HUD data as of 2023, there were 158 mortgage originations in Allentown, NJ, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Allentown, NJ. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Allentown, NJ
Allentown, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,850 | $1,470 |
| 2 Bedroom | -$440 | $2,250 | $1,810 |
| 3 Bedroom | -$400 | $2,800 | $2,400 |
| 4 Bedroom | -$1,330 | $4,000 | $2,670 |
Affordability — Allentown, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $700,000 |
| Median Household Income | $133,000 |