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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 121,283, 41,474 total housing units (homes and apartments), and a median house value of $136,009, 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 that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
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%).
Homes have actually lost value in Allentown over the last then years, as home values have seen a decline of 8.17% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Allentown home appreciation rates at 3.08%, which equates to an annual appreciation rate of 12.92%.
NeighborhoodScout's data show that during the latest twelve months, Allentown's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Allentown's appreciation rate has been 3.08%, which annualizes to a rate of 12.92%.
Importantly, this makes Allentown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Allentown's latest annual appreciation rate is higher than 60% 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.
|$894,001 - $1,192,000||0.2|
|$596,001 - $894,000||0.4|
|$477,001 - $596,000||0.4|
|$358,001 - $477,000||2.5|
|$238,001 - $358,000||6.9|
|$119,001 - $238,000||47.2|
|$60,001 - $119,000||36.1|
|$0 - $60,000||5.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Allentown HOMES|
|2000 or Newer||6.3|
|1970 - 1999||20.2|
|1940 - 1969||35.6|
|1939 or Older||37.9|
|TYPE OF Allentown HOMES|
|Small Apt. Buildings||19.8|
|SIZE OF Allentown HOMES|
|5 or more bedrooms||6.86|