Allentown, Pennsylvania Housing Market Prices
Allentown Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 21% above the Pennsylvania median$183,739
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Median rent 9% above the Pennsylvania median$1,317
Housing Market Overview
| Metric | Allentown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,739 | $152,469 | $248,835 |
| Price Trend (Annual %) | 14.0% | 3.7% | 7.5% |
| Median Gross Rent | $1,317 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Allentown is about 21% higher than in Pennsylvania. Rent is about 9% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Allentown, up about 14.0% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Allentown rose about 49.1% between 2015 and 2024, from $883 to $1,317. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Allentown.
Buying the median-priced home in Allentown costs roughly 11.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Allentown. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Allentown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,739 | $152,469 | $248,835 |
| Median Household Income | $55,273 | $78,249 | $80,455 |
| Price-to-Income Ratio | 3.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Allentown rose about 115.5%, while median household income rose about 43.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Allentown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.5% | 63.0% | 58.5% |
| Rental Rate | 53.2% | 27.9% | 31.2% |
| Vacancy Rate | 6.3% | 9.1% | 10.2% |
| Median Tenure (years) | 11.0 | 17.0 | 15.0 |
| Median Year Moved In | 2015 | 2009 | 2011 |
Allentown has a homeownership rate of 40.5%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 6.3%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Allentown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1954 | 1966 | 1978 |
| Median Number of Rooms | 5.3 | 6.0 | 5.5 |
The typical housing unit in Allentown was built around 1954. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Allentown, Pennsylvania.
What is the median home price in Allentown, Pennsylvania?
The median home price in Allentown, Pennsylvania is $183,739, higher than the Pennsylvania average of $152,469.
What is the average home price in Allentown, Pennsylvania?
The typical home price in Allentown, Pennsylvania, reported as the median sale price, is $183,739. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Allentown, Pennsylvania?
The median gross rent in Allentown, Pennsylvania is $1,317 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Allentown in 2020?
In 2020, the median gross rent in Allentown, Pennsylvania was $1,035 per month.
What is the price-to-rent ratio in Allentown, Pennsylvania?
The price-to-rent ratio in Allentown, Pennsylvania is about 11.6, meaning it would take roughly 11.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Allentown.
Are home prices or rent rising faster in Allentown, Pennsylvania?
Both home prices and rent are rising in Allentown, up about 14.0% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Allentown, Pennsylvania?
40.5% of households in Allentown, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Allentown, Pennsylvania?
The housing vacancy rate in Allentown, Pennsylvania is 6.3%, lower than the Pennsylvania average of 9.1%.
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