Allentown, PA housing market
Typical home value
$316K
▲ 3.8% 1 yr
Typical rent
$1,686/mo
▲ 3.3% 1 yr
Gross rent yield
6.4%
U.S. 6.3%
5-year home value change
+38%
U.S. +20%
Key takeaways
- 1The typical home in Allentown is worth $315,694, up 3.8% over the past year and up 38% over five years.
- 2Typical rent is $1,686 a month (+3.3% YoY), a gross rent yield of 6.4% (above the Allentown, PA metro's 6.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,735/mo, $49 more than typical rent.
- 4Zillow forecasts the Allentown, PA metro's home values to change +2.6% over the next 12 months.
Market temperature (Allentown, PA metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 59/100, #40 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Allentown compares
| Measure | Allentown | Allentown, PA metro | United States |
|---|---|---|---|
| Typical home value | $315,694 | $363,366 | $366,157 |
| Home value, 1-yr change | +3.8% | +3.2% | +1.2% |
| Typical rent | $1,686 | $1,841 | $1,932 |
| Rent, 1-yr change | +3.3% | +3.1% | +2.7% |
| Gross rent yield | 6.4% | 6.1% | 6.3% |
| Price-to-rent ratio | 15.6 | 16.4 | 15.8 |
| Mortgage P&I, typical home | $1,735 | $1,997 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Allentown rental, pre-filled.
Rent vs buy in Allentown
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $316K home.
Landlord in Pennsylvania? See Pennsylvania deposit, late fee and notice rules.
Other cities in the Allentown, PA metro
Bethlehem, PA
$361K home$1,880 rent
▲ 4.1% 1 yr
Easton, PA
$383K home$1,838 rent
▲ 3.8% 1 yr
Phillipsburg, NJ
$336K home$1,988 rent
▲ 1.9% 1 yr
Macungie, PA
$450K home$2,286 rent
▲ 3.0% 1 yr
Breinigsville, PA
$488K home$2,274 rent
▲ 2.8% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.