Allentown, PA

Population: 118,577
Average annual home appreciation rate: 5.49%
Total of homes for sale in this market: 717
Median home price: $128,496
Median Rent: $910 per room
Home price range: 56.78% of homes are between $97,001 – $194,000
Median sales price: $129,750
Number of homes: 562
Median foreclosure sales price: $30,750
Foreclosure discount: 76%
Most common home type: 38.55% of homes are ROWHOUSES AND ATTACHED HOMES
Number of vacant homes: 10.82%
Number of renters: 54.00%
Number of owner occupied: 46.00%
Number people living below poverty level: 27.85%
Unemployment rate: 8.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Allentown area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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