Allentown, PA—18103
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 $303,000, with a year-over-year change of 3.6%. This indicates that home prices in Allentown, PA are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | 3.6% |
| Single Family | $304,000 | 3.4% |
| Condos | $238,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $189,000 | 2.7% |
2 Bed | $251,000 | 3.7% |
3 Bed | $290,000 | 3.9% |
4 Bed | $427,000 | 3.6% |
| 5 Bed | $456,000 | 3.9% |
% of Housing Stock
Rental Trends — Allentown, PA
As of July '25, Rentcast reports the average rent in Allentown, PA is $1,830, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Allentown, PA is studios: $1,800, 1-bedrooms: $1,350, 2-bedrooms: $1,570, 3-bedrooms: $2,080, 4-bedrooms: $2,960. The most common rental property sizes in Allentown, PA are 1-bedroom and 2-bedroom, accounting for 35.7% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,830 |
| Studio Rent | $1,800 | $1,800 |
| 1 Bed Rent | $1,300 | $1,350 |
| 2 Bed Rent | $1,580 | $1,570 |
| 3 Bed Rent | $2,100 | $2,080 |
| 4 Bed Rent | $2,300 | $2,960 |
% 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 44. This is a increase of 45.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 3.0% |
Listing Count | 105 | 77.0% |
| Listings as % of Homes | 0.2% | 77.0% |
Days on Market | 44 | 45.0% |
Demographics — Allentown, PA
As of the latest ACS Survey released in 2023, Allentown, PA has a population of 47,300, which has increased by 2.2% over the past 5 years. Allentown, PA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,300 | 2.2% |
% Under 18 | 21.7% | -9.6% |
% Seniors | 17.9% | 11.2% |
% WFH | 7.7% | 102.6% |
% w/ College Degree | 27.5% | 16.0% |
As of the latest ACS Survey released in 2023, Allentown, PA is a predominantly white area, with 46.4% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Allentown, PA is hispanic, making up 38.2% of the population. Foreign-born residents account for 18.5% of the population in Allentown, PA, and this percentage has increased by 37.0% 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 | 46.4% | -7.9% |
% Black | 9.9% | 10.0% |
% Hispanic | 38.2% | 4.1% |
% Asian | 3.1% | 3.3% |
% Foreign Born | 18.5% | 37.0% |
Mortgage and Risk — Allentown, PA
According to HUD data as of 2023, there were 774 mortgage originations in Allentown, PA, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Allentown, PA. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 774 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Allentown, PA
As of 2024, the percent of homes in Allentown, PA under the Section 8 program is 5.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Allentown, PA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 621 |
Total Units Section 8 | 411 |
% Rentals under Section 8 | 5.9% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,300 | $1,220 |
| 2 Bedroom | -$60 | $1,580 | $1,520 |
| 3 Bedroom | -$160 | $2,100 | $1,940 |
| 4 Bedroom | -$280 | $2,300 | $2,020 |
Affordability — Allentown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $303,000 |
| Median Household Income | $72,500 |