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According to statistics, the population in Allentown, PA amounts to 120,128, which shows decline 0% compared to the previous year. The median age of the city’s residents is 32. The average household income is $38,522, shifting growth 3% from the past year, and the average property value in Allentown, PA decline -2% to $124,000 throughout the year.
|Number Of Employees||50,125|
|Median Property Value||$124,000|
The average household income in Allentown, PA grew from $37,256 to $38,522 in the past year. This data is an estimate based upon 41,935 households in Allentown, PA . The chart below presents how household income is distributed in Allentown, PA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Allentown, PA shifted from $126,100 to $124,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Allentown, PA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Allentown, PA properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Allentown, PA compared to median property taxes around the country. The prevalent amount of property taxes in Allentown, PA equals $3000, which is less than the national average.
|Apartment Size||May||vs Last Month|
|1 bed apartments||$140,000||N/A|
|2 bed apartments||$210,000||N/A|
|3 bed apartments||$109,900||-43.5%|
|4+ bed apartments||$165,855||-31.8%|
During May 2021, the average price for an apartment in/near Allentown, PA decreased by 25.7% to $160,260.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $140,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $210,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $109,900. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $165,855 for a big-family home.
|Listing Type||May||vs Last Month|
|Townhouses for sale||$141,575||+6.4%|
|Apartments for sale||$204,933||N/A|
|Houses for sale||$255,000||-21.6%|
|Duplexes for sale||$215,000||+72%|
While assessing the property pricing Allentown, PA, you can note that it remains flat with a price tag of $204,933. According to statistics, average house is still $255,000 with no significant changes this month. An average value of duplex is $215,000, thus a median price for a duplex remains the same this month. Value of the townhouses didn’t change, the price still starts at $141,575.
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