Allentown, PA—18106
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 $432,000, with a year-over-year change of 3.4%. 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 | $432,000 | 3.4% |
| Single Family | $446,000 | 3.7% |
| Condos | $214,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $237,000 | 3.0% |
3 Bed | $352,000 | 3.8% |
4 Bed | $523,000 | 4.2% |
| 5 Bed | $711,000 | 4.4% |
% 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: $1,750, 2-bedrooms: $2,250, 3-bedrooms: $2,200, 4-bedrooms: $3,500. The most common rental property sizes in Allentown, PA are studio and 3-bedroom, accounting for 29.9% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,750 |
| 2 Bed Rent | $2,250 | $2,250 |
| 3 Bed Rent | $2,100 | $2,200 |
| 4 Bed Rent | $3,500 | $3,500 |
% 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 14. This is a decrease of -61.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | -11.0% |
Listing Count | 17 | 62.0% |
| Listings as % of Homes | 0.4% | 62.0% |
Days on Market | 14 | -61.0% |
Demographics — Allentown, PA
As of the latest ACS Survey released in 2023, Allentown, PA has a population of 6,440, which has decreased by -9.2% over the past 5 years. Allentown, PA is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,440 | -9.2% |
% Under 18 | 21.8% | 4.3% |
% Seniors | 25.7% | 5.3% |
% WFH | 16.9% | 144.9% |
% w/ College Degree | 45.4% | 20.4% |
As of the latest ACS Survey released in 2023, Allentown, PA is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 12.1% in the last 5 years. The second most common race or ethnicity in Allentown, PA is hispanic, making up 13.3% of the population. Foreign-born residents account for 13.3% of the population in Allentown, PA, and this percentage has increased by 58.3% 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 | 73.9% | -12.1% |
% Black | 4.1% | 115.8% |
% Hispanic | 13.3% | 47.8% |
% Asian | 8.8% | 151.4% |
% Foreign Born | 13.3% | 58.3% |
Mortgage and Risk — Allentown, PA
According to HUD data as of 2023, there were 111 mortgage originations in Allentown, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Allentown, PA. Investor activity is low, as 7.0% 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 | 111 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% 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 1.0%. 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. 3-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 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,750 | $1,660 |
| 2 Bedroom | -$190 | $2,250 | $2,060 |
| 3 Bedroom | $530 | $2,100 | $2,630 |
| 4 Bedroom | -$760 | $3,500 | $2,740 |
Affordability — Allentown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $432,000 |
| Median Household Income | $86,400 |