Allentown, PA—18101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Allentown, PA
As of Oct '25, the median home price in Allentown, PA is $204,000, with a year-over-year change of 8.8%. This indicates that home prices in Allentown, PA are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 8.8% |
| Single Family | $204,000 | 8.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $177,000 | 12.0% |
4 Bed | $197,000 | 7.7% |
| 5 Bed | $235,000 | 6.3% |
% of Housing Stock
Rental Trends — Allentown, PA
As of July '25, Rentcast reports the average rent in Allentown, PA is $1,460, with a year-over-year rent change of -15.6%. Per bedroom, the median rent as of July '25 in Allentown, PA is studios: $1,370, 1-bedrooms: $1,450, 2-bedrooms: $1,540, 3-bedrooms: $1,500. The most common rental property sizes in Allentown, PA are 1-bedroom and studio, accounting for 29.3% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,460 |
| Studio Rent | $1,370 | $1,370 |
| 1 Bed Rent | $1,480 | $1,450 |
| 2 Bed Rent | $1,380 | $1,540 |
| 3 Bed Rent | $1,400 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Allentown, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Allentown, PA is 37. This is a increase of 248.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | 10.0% |
Listing Count | 4 | 267.0% |
| Listings as % of Homes | N/A | 267.0% |
Days on Market | 37 | 248.0% |
Demographics — Allentown, PA
As of the latest ACS Survey released in 2023, Allentown, PA has a population of 5,790, which has increased by 30.1% over the past 5 years. Allentown, PA is a moderately popular place for families, as children make up 17.2% of the population. The area has a poorly educated workforce, with 19.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,790 | 30.1% |
% Under 18 | 17.2% | -46.1% |
% Seniors | 6.8% | -8.1% |
% WFH | 11.3% | 145.7% |
% w/ College Degree | 19.2% | 95.9% |
As of the latest ACS Survey released in 2023, Allentown, PA is a predominantly hispanic area, with 47.0% of the population identifying as hispanic. The hispanic population has shrunk by 31.6% in the last 5 years. The second most common race or ethnicity in Allentown, PA is black, making up 27.1% of the population. Foreign-born residents account for 13.2% of the population in Allentown, PA, and this percentage has decreased by 14.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 21.8% | 30.5% |
% Black | 27.1% | 57.6% |
% Hispanic | 47.0% | -31.6% |
% Asian | 3.3% | 135.7% |
% Foreign Born | 13.2% | -14.3% |
Mortgage and Risk — Allentown, PA
According to HUD data as of 2023, there were 18 mortgage originations in Allentown, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Allentown, PA. Investor activity is high, as 28.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 28.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Allentown, PA
Allentown, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 371 |
Total Units Section 8 | 217 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,480 | $1,170 |
| 2 Bedroom | $70 | $1,380 | $1,450 |
| 3 Bedroom | $450 | $1,400 | $1,850 |
| 4 Bedroom | N/A | N/A | $1,930 |
Affordability — Allentown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $204,000 |
| Median Household Income | $41,500 |