Allentown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Allentown Neighborhoods Since 2000




Allentown, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Allentown Housing Market Information

With a population of 1,825, 695 total housing units (homes and apartments), and a median house value of $326,719, real estate costs in Allentown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Allentown, accounting for 78.78% of the borough's housing units. Other types of housing that are prevalent in Allentown include large apartment complexes or high rise apartments ( 7.76%), duplexes, homes converted to apartments or other small apartment buildings ( 7.48%), and a few row houses and other attached homes ( 5.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Allentown. Owner-occupied housing accounts for 76.69% of Allentown's homes, and 66.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Allentown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Allentown built between 1940-1969 ( 33.88%). A lesser amount of the housing stock also hails from before 1939 ( 31.70%).

Allentown Home Appreciation Rates

Allentown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Allentown during the period has been just -1.37%, which is lower than 80% of US communities.

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 2.81%, 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 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Allentown's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$326,719

Allentown, NJ HOME PRICES

Value Range
> $1,069,000 1.5
$802,001 - $1,069,000 0.0
$535,001 - $802,000 3.2
$428,001 - $535,000 15.2
$321,001 - $428,000 31.9
$214,001 - $321,000 40.7
$107,001 - $214,000 6.0
$53,001 - $107,000 0.0
$0 - $53,000 1.5

Average for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
13.9751552795031 56.0975609756098

Number Of Homes And Apartments:
695

Allentown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
63.34% 2.89% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,532 / per month

Homeownership Rate

Homeownership
Owners 76.69
Renters 23.31
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF Allentown HOMES
2000 or Newer 0.4
1970 - 1999 34.0
1940 - 1969 33.9
1939 or Older 31.7

Types of Homes

TYPE OF Allentown HOMES
Single-Family 78.8
Townhomes 6.0
Small Apt. Buildings 7.5
Apt. Complexes 7.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Allentown HOMES
No Bedroom 0.41
1 Bedroom 9.80
2 Bedrooms 17.01
3 Bedrooms 36.73
4 Bedrooms 29.52
5 or more bedrooms 6.53