Allentown, PA

About Allentown

Allentown, Pennsylvania, offers a compelling blend of affordability and accessibility, making it an attractive option for those seeking a practical, budget-conscious lifestyle. With a median home value of just $168,800, far below the national average, and a median rent of a mere $748 a month, Allentown stands out as a haven for first-time homebuyers or those looking to stretch their dollars. The city's high homeownership rate of 75% speaks to its appeal as a place where putting down roots is a realistic goal. The Affordability Index of 158 is a testament to the fact that the cost of living is well below the national average. While the walk score of 1 might suggest a car-dependent lifestyle, the city's compact layout and access to major highways make getting around relatively easy. From an investment perspective, Allentown presents a solid opportunity for those looking for value. The city's property crime rate of 15.7 per 1,000 residents and a violent crime rate of 3.9 per 1,000 residents are something to consider for investors. The median household income of $52,449, while lower than the national average, is supported by a stable local economy. This is a city that's especially suited for families, young professionals, and anyone seeking a comfortable, affordable life. With electricity rates at a low 8.2¢/kWh, it’s a place where everyday costs are kept in check. Beyond the financial advantages, Allentown boasts a good quality of life. The air quality, with an AQI of 43, is considered good. The city's "Quiet" noise level rating further enhances its appeal as a place to live, work, and relax. While the climate risk is considered relatively moderate, the city's location in the Lehigh Valley offers access to outdoor recreation and a variety of cultural attractions, making Allentown a well-rounded option for anyone looking for a balanced lifestyle.