The housing market in the Allentown-Bethlehem-Easton, PA Metro Area is thriving. The median value for a house in this area is $296,400, which is significantly lower than the US house median value of $338,100. Furthermore, the one year appreciation rate for houses in this area was 12.42%, higher than the national average of 8.27%. This demonstrates that housing in this area is becoming increasingly desirable and people are investing heavily in it with good returns. Therefore, it can be said that Allentown-Bethlehem-Easton, PA Metro Area is a great place to purchase property with potential for significant long-term appreciation.
The median home cost in Allentown-Bethlehem-Easton Metro Area is $296,400. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Allentown-Bethlehem-Easton Metro Area is up 16.0%.
Average Age of Homes
- The median age of Allentown-Bethlehem-Easton Metro Area real estate is 49 years old
The Rental Market in Allentown-Bethlehem-Easton Metro Area
- Renters make up 26.8% of the Allentown-Bethlehem-Easton Metro Area population
- 1.2% of houses and apartments in Allentown-Bethlehem-Easton Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.