Allentown, PA—18102
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 $213,000, with a year-over-year change of 6.5%. This indicates that home prices in Allentown, PA are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | 6.5% |
| Single Family | $213,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 7.8% |
3 Bed | $203,000 | 6.8% |
4 Bed | $211,000 | 6.6% |
| 5 Bed | $233,000 | 6.4% |
% of Housing Stock
Rental Trends — Allentown, PA
As of July '25, Rentcast reports the average rent in Allentown, PA is $1,480, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Allentown, PA is studios: $1,130, 1-bedrooms: $1,240, 2-bedrooms: $1,480, 3-bedrooms: $1,750, 4-bedrooms: $1,820. The most common rental property sizes in Allentown, PA are 2-bedroom and 1-bedroom, accounting for 27.6% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,480 |
| Studio Rent | $1,150 | $1,130 |
| 1 Bed Rent | $1,200 | $1,240 |
| 2 Bed Rent | $1,450 | $1,480 |
| 3 Bed Rent | $1,650 | $1,750 |
| 4 Bed Rent | $1,650 | $1,820 |
% 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 45. This is a increase of 51.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $212,000 | 0.0% |
Listing Count | 88 | 118.0% |
| Listings as % of Homes | 0.2% | 118.0% |
Days on Market | 45 | 51.0% |
Demographics — Allentown, PA
As of the latest ACS Survey released in 2023, Allentown, PA has a population of 51,300, which has increased by 3.5% over the past 5 years. Allentown, PA is a popular place for families, as children make up 30.0% of the population. The area has a poorly educated workforce, with 11.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,300 | 3.5% |
% Under 18 | 30.0% | -1.6% |
% Seniors | 10.1% | 13.5% |
% WFH | 5.3% | 140.9% |
% w/ College Degree | 11.2% | 53.4% |
As of the latest ACS Survey released in 2023, Allentown, PA is a predominantly hispanic area, with 69.3% of the population identifying as hispanic. The hispanic population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in Allentown, PA is white, making up 18.0% of the population. Foreign-born residents account for 21.7% of the population in Allentown, PA, and this percentage has decreased by 4.8% 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 | 18.0% | -13.9% |
% Black | 13.2% | -21.0% |
% Hispanic | 69.3% | 8.5% |
% Asian | 0.3% | -83.3% |
% Foreign Born | 21.7% | -4.8% |
Mortgage and Risk — Allentown, PA
According to HUD data as of 2023, there were 490 mortgage originations in Allentown, PA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Allentown, PA. Investor activity is low, as 13.0% 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 | 490 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 13.0% |
% 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 13.7%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 2,179 |
Total Units Section 8 | 1,706 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 84.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $1,200 | $1,100 |
| 2 Bedroom | -$80 | $1,450 | $1,370 |
| 3 Bedroom | $100 | $1,650 | $1,750 |
| 4 Bedroom | $170 | $1,650 | $1,820 |
Affordability — Allentown, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $213,000 |
| Median Household Income | $40,700 |