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Allentown, NJ—08501

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$691,000
0.1% YoY Growth
Household Income
$133,000
11.4% YoY Growth
Days on Market
47
0.0% Longer YoY
Home Price Forecast
1.9%
Median Rent
$2,250
13.9% YoY Growth
1-Bed Rent
$1,850
N/A
2-Bed Rent
$2,250
1.3% YoY Growth
3-Bed Rent
$2,800
10.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Allentown, NJ

As of Dec '25, the median home price in Allentown, NJ is $691,000, with a year-over-year change of 0.1%. This indicates that home prices in Allentown, NJ are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$691,0000.1%
Single Family $692,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$568,000-0.9%
    3 Bed
    		$591,0001.4%
    4 Bed
    		$884,0001.7%
    5 Bed $1,112,6582.7%
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    % of Housing Stock

    1 Bedroom
    2.1%
    2 Bedrooms
    19.0%
    3 Bedrooms
    34.7%
    4 Bedrooms
    31.8%
    5+ Bedrooms
    12.4%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,250$2,600
    Studio Rent N/AN/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
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    % of Rental Stock

    1 Bedroom
    23.0%
    2 Bedrooms
    43.1%
    3 Bedrooms
    32.5%
    5+ Bedrooms
    1.4%

    Property Listings — Allentown, NJ

    As of Dec '25, Realtor.com reports that the median days on market for a home in Allentown, NJ is 39. This is a increase of 10.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$975,00012.0%
    Listing Count
    		22-24.0%
    Listings as % of Homes0.7%-24.0%
    Days on Market
    		470.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		6,3001.2%
    % Under 18
    		19.5%-8.0%
    % Seniors
    		27.4%32.4%
    % WFH
    		25.3%148.0%
    % w/ College Degree
    		59.7%11.2%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$691,000
    Median Household Income$133,000

    Allentown, NJ — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Cream Ridge, NJ

    08514

    Trenton, NJ

    08691

    Windsor

    08561

    Hightstown, NJ

    08520

    Trenton, NJ

    08620

    Frequently Asked Questions