Allentown appreciation rates and housing market information

Allentown housing market information

With a population of 106,632, 45,960 total housing units (homes and apartments), and a median house value of $161,068, Allentown real estate prices are well above average cost compared to national prices.

row houses and other attached homes are the single most common housing type in Allentown, accounting for 37.82% of the city's housing units. Other types of housing that are prevalent in Allentown include single-family detached homes (22.76%), large apartment complexes or high rise apartments (21.57%), and a few duplexes, homes converted to apartments, or other small apartment buildings (17.58%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Allentown primarily live in small (one, two, or no bedroom) row houses and other attached homes. Allentown has a mixture of owner-occupied and renter-occupied housing.

The housing in Allentown was primarily built before 1939 (40.97%), making the housing stock in Allentown some of the older overall in America, although there is a range of ages of homes in Allentown. The next most important Allentown housing age is 1940-1969 (39.53%), followed by 1970-1994 (18.56%). There's also some housing in Allentown built between 1995 and later (.94%).

Allentown home appreciation rates

Real estate appreciation rates in Allentown have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.59% during the period.

Over the last year, Allentown appreciation rates have trailed the rest of the nation. In the last twelve months, Allentown's appreciation rate has been -5.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Allentown were at -0.83%, which equates to an annual appreciation rate of -3.32%.

Notably, Allentown's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Allentown's latest annual appreciation rate is higher than 1% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Allentown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Allentown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Allentown real estate investment or home purchase decisions.