Market Overview
Home Prices in Allentown, PA
The median home value in Allentown, PA is $320,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.7% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allentown are priced22% below average. Allentown is part of the Allentown-Bethlehem-Easton, PA-NJ metro area.
Over the past five years, Allentown home values have risen by approximately38.9%, reflecting strong long-term appreciation in this market.
Price History
Allentown Home Price Trend
City Comparison
Allentown vs. National Median
At $320,863, homes in Allentown cost 22% below the national median of $410,000. This makes Allentown a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allentown?
20% Down Payment
$64,173
on $320,863
Monthly P&I
$1,673/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,125/mo
incl. taxes & insurance
Income Needed
$85,000
gross annual (30% rule)
10% Down Option
$32,086
+ PMI applies
Loan Amount (20% dn)
$256,690
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, PA?
The median home value in Allentown is $320,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.7% year-over-year.
How much have home prices changed in Allentown?
Over the past year, home values in Allentown have increased by 3.7%. Over five years, prices have risen approximately 38.9%.
How much do I need to earn to buy a home in Allentown?
To comfortably afford the median home price of $320,863 with a 20% down payment ($64,173) at today's rates (6.8%), you'd need a gross annual income of approximately $85,000. 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 $320,863, homes in Allentown are 22% below the national average.
What metro area is Allentown part of?
Allentown is part of the Allentown-Bethlehem-Easton, PA-NJ metropolitan area. Home prices and market conditions can vary across the broader metro region.