Market Overview
Home Prices in Allentown, NJ
The median home value in Allentown, NJ is $748,666 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and up 3.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allentown are priced83% above average. Allentown is part of the New York-Newark-Jersey City, NY-NJ-PA metro area.
Over the past five years, Allentown home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Allentown Home Price Trend
City Comparison
Allentown vs. National Median
At $748,666, homes in Allentown cost 83% above the national median of $410,000. Buyers in Allentown should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Allentown?
20% Down Payment
$149,733
on $748,666
Monthly P&I
$3,905/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,959/mo
incl. taxes & insurance
Income Needed
$198,360
gross annual (30% rule)
10% Down Option
$74,867
+ PMI applies
Loan Amount (20% dn)
$598,933
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Allentown, NJ?
The median home value in Allentown is $748,666 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Allentown?
Over the past year, home values in Allentown have increased by 3.2%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Allentown?
To comfortably afford the median home price of $748,666 with a 20% down payment ($149,733) at today's rates (6.8%), you'd need a gross annual income of approximately $198,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Allentown compare to the national average home price?
The national median home value is approximately $410,000. At $748,666, homes in Allentown are 83% above the national average.
What metro area is Allentown part of?
Allentown is part of the New York-Newark-Jersey City, NY-NJ-PA metropolitan area. Home prices and market conditions can vary across the broader metro region.