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Real Estate Prices & Overview

Old Allentown median real estate price is $284,697, which is more expensive than 53.8% of the neighborhoods in Pennsylvania and 39.1% of the neighborhoods in the U.S.

The average rental price in Old Allentown is currently $1,747, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 44.5% of Pennsylvania neighborhoods.

Old Allentown is a densely urban neighborhood (based on population density) located in Allentown, Pennsylvania.

Old Allentown real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and townhomes. Most of the residential real estate is renter occupied. Many of the residences in the Old Allentown neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Old Allentown. The current real estate vacancy rate here is 21.6%. This is higher than the rate of vacancies in 88.7% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

Single parenting is hard. But you don't have to tell the Old Allentown neighborhood about it; they already know. 26.3% of this neighborhood's households are run by single mothers, which is a higher concentration than NeighborhoodScout found in 99.1% of American neighborhoods. Further NeighborhoodScout research showed strong statistical correlations among high rates of children living in single parent households, and neighborhood crime, particularly violent crime, neighborhood poverty, and, importantly, the percentage of low weight births and rates of infant mortality.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Old Allentown neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.1% of the neighborhoods in PA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Real Estate

If you like crowded places, then you will probably enjoy the the Old Allentown neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.2% of neighborhoods in the U.S., with 25,844 people per square mile living here. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Old Allentown neighborhood is one of the most walkable neighborhoods in America.

In addition, if you love row houses and attached homes, you will probably really like the Old Allentown neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 34.2% of the residential real estate here is classified as row houses and attached homes.

Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Old Allentown neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 76.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.4% of the neighborhoods in the United States.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Old Allentown neighborhood has a highly unusual pattern of car ownership. 19.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.0% of U.S. neighborhoods.

Diversity

Did you know that the Old Allentown neighborhood has more Puerto Rican and Dominican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 41.5% of this neighborhood's residents have Puerto Rican ancestry and 21.0% have Dominican ancestry.

Old Allentown is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 95.1% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Old Allentown neighborhood in Allentown are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.9% of U.S. neighborhoods. With 12.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 54.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Old Allentown neighborhood, 38.0% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 33.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.5%), and 14.0% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the Old Allentown neighborhood is Spanish, spoken by 52.6% of households. Some people also speak English (46.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Old Allentown neighborhood in Allentown, PA, residents most commonly identify their ethnicity or ancestry as Puerto Rican (41.5%). There are also a number of people of Dominican ancestry (21.0%), and residents who report Sub-Saharan African roots (6.9%), and some of the residents are also of German ancestry (5.3%), along with some Irish ancestry residents (3.7%), among others. In addition, 13.4% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Old Allentown neighborhood spend between 15 and 30 minutes commuting one-way to work (42.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (71.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (12.6%) and 9.0% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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