Allentown, PA


Highest Appreciating Allentown Neighborhoods Since 2000

Allentown, PA 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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 120,443, 41,474 total housing units (homes and apartments), and a median house value of $129,791, house prices in Allentown are solidly below the national average.

Row houses and other attached homes are the single most common housing type in Allentown, accounting for 37.93% of the city's housing units. Other types of housing that are prevalent in Allentown include single-family detached homes ( 21.92%), large apartment complexes or high rise apartments ( 20.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 19.78%). 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.

The most prevalent building size and type in Allentown are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The city has a mixture of owners and renters, with 43.01% owning and 56.99% renting.

The housing in Allentown was primarily built before 1939 ( 37.90%), making the housing stock in Allentown some of the oldest overall in America, although there is a range of ages of homes in Allentown. The next most important housing age is between 1940-1969 ( 35.63%), followed by between 1970-1999 ( 20.18%). There's also some housing in Allentown built between 2000 and later ( 6.28%).

Allentown Home Appreciation Rates

Homes have actually lost value in Allentown over the last then years, as home values have seen a decline of 16.80% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Allentown home appreciation rates at 0.58%, which equates to an annual appreciation rate of 2.32%.

Appreciation rates are so strong in Allentown that despite a nationwide downturn in the housing market, Allentown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Allentown appreciation rates continue to be some of the highest in America, at 7.27%, which is higher than appreciation rates in 75.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Allentown. Allentown appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.32%.

Relative to Pennsylvania, our data show that Allentown's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Allentown real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,137,000 0.4
$853,001 - $1,137,000 0.2
$569,001 - $853,000 0.4
$455,001 - $569,000 0.4
$341,001 - $455,000 2.5
$227,001 - $341,000 6.9
$114,001 - $227,000 47.2
$57,001 - $114,000 36.1
$0 - $57,000 5.9

Average for PA
Low for Nation

Value Relative to Nation Value Relative to State
62.8578118597436 59.0338164251208

Number Of Homes And Apartments:

Allentown Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
48.95% 2.24%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,136 / per month

Homeownership Rate

Owners 43.01
Renters 56.99
Vacant 9.50

Housing Market Details


Age of Homes

AGE OF Allentown HOMES
2000 or Newer 6.3
1970 - 1999 20.2
1940 - 1969 35.6
1939 or Older 37.9

Types of Homes

Single-Family 21.9
Townhomes 37.9
Small Apt. Buildings 19.8
Apt. Complexes 20.1
Mobile Homes 0.3
Other 0.0

Home Size

No Bedroom 2.17
1 Bedroom 19.34
2 Bedrooms 24.68
3 Bedrooms 36.31
4 Bedrooms 10.64
5 or more bedrooms 6.86