Allentown, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Allentown Housing Market Information

With 121,283 people, 41,935 houses or apartments, and a median cost of homes of $133,303, 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 38.44% of the city's housing units. Other types of housing that are prevalent in Allentown include single-family detached homes ( 21.26%), large apartment complexes or high rise apartments ( 20.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 19.38%). 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 41.51% owning and 58.49% renting.

The housing in Allentown was primarily built before 1939 ( 36.86%), 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 ( 35.92%), followed by between 1970-1999 ( 19.94%). There's also some housing in Allentown built between 2000 and later ( 7.27%).

Allentown Home Appreciation Rates

Homes have actually lost value in Allentown over the last then years, as home values have seen a decline of 7.44% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Allentown home appreciation rates at 0.55%, which equates to an annual appreciation rate of 2.24%.

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 5.56%, 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 0.55%, which equates to an annual appreciation rate of 2.24%.

Relative to Pennsylvania, our data show that Allentown's latest annual appreciation rate is higher than 50% 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:
$133,303

Allentown, PA HOME PRICES

Value Range
> $1,159,000 0.4
$869,001 - $1,159,000 0.2
$580,001 - $869,000 0.3
$464,001 - $580,000 0.6
$348,001 - $464,000 2.0
$232,001 - $348,000 7.0
$116,001 - $232,000 48.3
$58,001 - $116,000 34.8
$0 - $58,000 6.3

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
64.7591240875912 60.8108108108108

Number Of Homes And Apartments:
41,935

Allentown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
56.83% 2.37%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,238 / per month

Homeownership Rate

Homeownership
Owners 41.51
Renters 58.49
Vacant 8.42

Housing Market Details

 

Age of Homes

AGE OF Allentown HOMES
2000 or Newer 7.3
1970 - 1999 19.9
1940 - 1969 35.9
1939 or Older 36.9

Types of Homes

TYPE OF Allentown HOMES
Single-Family 21.3
Townhomes 38.4
Small Apt. Buildings 19.4
Apt. Complexes 20.6
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Allentown HOMES
No Bedroom 2.16
1 Bedroom 18.68
2 Bedrooms 24.73
3 Bedrooms 36.20
4 Bedrooms 10.67
5 or more bedrooms 7.55