Allentown, PA—18104
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 $387,000, with a year-over-year change of 3.0%. This indicates that home prices in Allentown, PA are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $387,000 | 3.0% |
| Single Family | $388,000 | 2.9% |
| Condos | $292,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | 3.4% |
3 Bed | $357,000 | 3.2% |
4 Bed | $494,000 | 4.4% |
| 5 Bed | $543,000 | 4.2% |
% of Housing Stock
Rental Trends — Allentown, PA
As of July '25, Rentcast reports the average rent in Allentown, PA is $2,350, with a year-over-year rent change of 9.8%. Per bedroom, the median rent as of July '25 in Allentown, PA is 1-bedrooms: $1,680, 2-bedrooms: $1,750, 3-bedrooms: $2,640, 4-bedrooms: $3,150. The most common rental property sizes in Allentown, PA are 2-bedroom and 1-bedroom, accounting for 44.2% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,590 | $1,680 |
| 2 Bed Rent | $1,500 | $1,750 |
| 3 Bed Rent | $2,600 | $2,640 |
| 4 Bed Rent | $3,200 | $3,150 |
% 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 29. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | 13.0% |
Listing Count | 114 | 39.0% |
| Listings as % of Homes | 0.2% | 39.0% |
Days on Market | 29 | 0.0% |
Demographics — Allentown, PA
As of the latest ACS Survey released in 2023, Allentown, PA has a population of 48,000, which has increased by 7.1% over the past 5 years. Allentown, PA is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 44.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,000 | 7.1% |
% Under 18 | 19.8% | 0.0% |
% Seniors | 20.2% | -0.5% |
% WFH | 17.5% | 133.3% |
% w/ College Degree | 44.8% | 8.2% |
As of the latest ACS Survey released in 2023, Allentown, PA is a predominantly white area, with 67.5% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Allentown, PA is hispanic, making up 14.5% of the population. Foreign-born residents account for 14.7% of the population in Allentown, PA, and this percentage has increased by 19.5% 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 | 67.5% | -6.0% |
% Black | 7.1% | 24.6% |
% Hispanic | 14.5% | -3.3% |
% Asian | 8.4% | 13.5% |
% Foreign Born | 14.7% | 19.5% |
Mortgage and Risk — Allentown, PA
According to HUD data as of 2023, there were 845 mortgage originations in Allentown, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 845 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Allentown, PA
As of 2024, the percent of homes in Allentown, PA under the Section 8 program is 6.3%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Allentown, PA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 470 |
Total Units Section 8 | 468 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,590 | $1,420 |
| 2 Bedroom | $270 | $1,500 | $1,770 |
| 3 Bedroom | -$340 | $2,600 | $2,260 |
| 4 Bedroom | -$840 | $3,200 | $2,360 |
Affordability — Allentown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $387,000 |
| Median Household Income | $94,300 |