Rent to own Homes in Allentown, PA
The third largest city in Pennsylvania, Allentown is home to over 118,000 residents. As one of the oldest major cities in the U.S., Allentown is steeped in rich history and culture. It served as the hiding place of the Liberty Bell and played a prominent role in the American Revolution. No fewer than 13 sites in the city find a place on the National Register of Historic Places. Allentown was also the inspiration for Billy Joel's blue-collar anthem, "Allentown". With its long history, strong culture and diverse population, Allentown remains one of the best loved towns in Pennsylvania.
Allentown, PA is a great place for affordable rent-to-own homes! With a median household income of over $43,816 and a median rent of $1,035, the Allentown, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Allentown, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Allentown, PA Property Resources
Rent to own Homes in Cities Near Allentown, PA
- Ackermanville
- Allentown
- Bally
- Bechtelsville
- Belfast
- Bowers
- Boyertown
- Catasauqua
- Cementon
- Center Valley
- Chestnut Hill
- Coopersburg
- Coplay
- Dorneyville
- Dryville
- East Greenville
- Frederick
- Fullerton
- Germansville
- Gilbertsville
- Harleysville
- Hereford
- Kempton
- Milford Square
- Morgan Hill
- New Berlinville
- Oley
- Orefield
- Palm
- Perkiomenville
- Pottsgrove
- Quakertown
- Sanatoga
- Schnecksville
- Silverdale
- Slatington
- Souderton
- Spinnerstown
- Stockertown
- Sun Valley
- Telford
- Trexlertown
- Trumbauersville
- Upper Black Eddy
- Virginville
- Weissport East
- Wescosville
- Wilson
- Woxall
- Zionsville
Neighborhoods in Allentown, PA
Jordan Creek rent to own homes West End Theatre District rent to own homes Rittersville rent to own homes 1st Ward rent to own homes Historic Village of Salzburg rent to own homes Alton Park rent to own homes Allentown City Historic District rent to own homes Hamilton Park rent to own homes Trexler Park rent to own homes Downtown Allentown rent to own homesPopular Zip Codes in Allentown, PA
18105 rent to own homes 18101 rent to own homes 18102 rent to own homes 18103 rent to own homesBuying a Home in Allentown, PA
Allentown, PA is seeing rapid growth and Allentown, PA's' housing market remains optimal with an average home price that is -38% below the 2024 national average. Allentown, PA is part of Lehigh county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lehigh is 1.48% which is above the national average, which is 0.99%.
Median Home Price in Allentown, PA
Median Rent in Allentown, PA
Top Reasons to Live in Allentown PA
Housing Statistics Median home sales price in the city is $128,500, down from a high of $140,000 before the 2008 bust, but up nearly 17 percent over the same period last year. Average listing price has climbed steadily over the last year and now stands at nearly $198,000 across the city. Median rental prices, however, are relatively depressed at $900 - down nearly 12 percent over the same period last year. The number of transactions has remained unsteady over the last five years, dropping from a high over nearly 700 in 2007 to 400 in 2013. Nonetheless, Allentown remains a strong and growing real estate market, which is why many would-be home owners consider rent to own homes as an attractive alternative.
Local Sports Allentown has a strong sporting culture, especially when it comes to baseball. The sport got its start in the city way back in 1884. Today, the Lehigh Valley IronPigs - the only Major League affiliated baseball team in the city since 1960 - competes in the International League. Its home is in Coca-Cola Park, a brand new stadium built in 2008 that has quickly become a local pilgrimage site for baseball lovers. Allentown was also home to the Allentown Jets, one of the most dominant teams competing in the Eastern Professional Basketball League. Unfortunately, the team shut shop in 1981 and the city has been bereft of a major basketball team since. The city does have a strong hockey team - the Lehigh Valley Phantoms, which is an affiliate of the Philadelphia Flyers.
Tourist Attractions Allentown's long and checkered history attracts hundreds and thousands of tourists to the city each year. The America on Rails Museum is a must-visit for rail enthusiasts and boasts some of the oldest locomotives in the country. The Allentown Art Museum in the Arts District is another popular attraction with a strong collection of American artworks, including works by Benjamin West, George Cope and Edward Moran. For a slice of history, you can visit the Lehigh County Heritage Center, the Haines Hill Museum, the Allentown Masonic Temple, and the Old Lehigh County Courthouse. If you want something a little more fun, take a trip to Lehigh Valley Laser Tag.
Neighborhoods As the county seat of Lehigh county and a population just over 118,000, Allentown is home to several distinct neighborhoods, such as: