The typical owner-occupied home in Allentown is worth about $206,600, 19% below the Pennsylvania median of $254,500 and 38% below the national median of $332,700. Owners pay a median $3,829 a year in property taxes, about 1.85% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $55,494 a year, so the median home costs 3.7 times the median income (3.3 times for Pennsylvania). 43% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Allentown at a glance
| Allentown | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $206,600 | $254,500 | $332,700 |
| Median property tax paid per year | $3,829 | $3,311 | $3,119 |
| Property tax as a share of value | 1.85% | 1.30% | 0.94% |
| Median household income | $55,494 | $77,971 | $80,734 |
| Homes lived in by their owners | 43% | 69% | 65% |
| Owner homes with a mortgage | 62% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,550 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 23.6% | 19.4% | 21.0% |
| Median rent | $1,317 | $1,209 | $1,413 |
| Rent as a share of renters' income | 35.0% | 29.2% | 30.6% |
| Median year homes were built | 1952 | 1965 | 1980 |
| Vacant homes | 6.3% | 9.2% | 10.1% |
| Population | 125,976 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Allentown
At this week's average 30-year rate of 7.11%, buying the median Allentown home of $206,600 with 20% down costs about $1,516 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,861, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $64,990 for the 20%-down payment. That payment is 33% of the median Allentown household income of $55,494; at that income and 20% down, the 28% guideline points to a home of about $176,000.
The median rent here is $1,317 a month, so owning the median home costs about $199 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,320 |
|---|---|
| Loan amount | $165,280 |
| Principal and interest | $1,112 |
| Property taxes (1.85% a year) | $319 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,516 |
Change the numbers in the calculator
| Down payment | $7,231 |
|---|---|
| Loan amount | $202,858 |
| Principal and interest | $1,365 |
| Property taxes (1.85% a year) | $319 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $91 |
| Total per month | $1,861 |
Change the numbers in the calculator
Questions about home buying in Allentown
What is the median home value in Allentown?
About $206,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Allentown?
Homeowners pay a median $3,829 a year, which is about 1.85% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Allentown?
For the median home with 20% down at 7.11%, the payment is about $1,516 a month. Keeping that under 28% of gross income takes about $64,990 a year.
More about Allentown
- Mortgage Refinance in Allentown
- Debt Relief in Allentown
- Home Equity Loans in Allentown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data