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Allentown, PA mortgage & affordability calculator

The typical home in Allentown, PA is worth about $300,000. With 20% down that's a loan near $240,000 — the calculator is pre-filled with that figure. The Lehigh Valley's transformation into an e-commerce and warehousing hub has pulled in buyers priced out of a New York or Philadelphia commute, pushing prices up faster than the rest of Pennsylvania. School-district property taxes, not a single citywide rate, do most of the work in setting the final bill.

$1,558.23 / month

Total interest
$320,964
Total paid
$560,964
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$60k$120k$180k$240k0612182430Year

How much you need to earn

Allentown, PA's median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $240,461 with 20% down — below the $300,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$240,512 max home price

Max loan amount
$180,512
Housing payment budget
$1,680
P&I budget
$1,172
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Allentown, PA is about $1,700 a month, so owning the median home costs roughly $367 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Allentown, PA?
On the metro's roughly $300,000 typical home with 20% down, the loan is about $240,000. Principal and interest run near $1,558 a month at today's rate, and Allentown, PA's property tax plus insurance add about $508, for a full payment near $2,067.
Can I afford a home in Allentown, PA on the median income?
The median household income is about $72,000 a year. Under standard 28/36 lending rules that supports a home price around $240,461 with 20% down — below the $300,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Allentown, PA?
Typical asking rent is about $1,700 a month. The full owner payment on a median home is near $2,067, so owning costs roughly $367 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Allentown, PA?
The effective property tax rate in the core county is about 1.60% of market value — roughly $4,800 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Allentown, PA rising or falling?
Home values are up about 6% over the past year. The Lehigh Valley's transformation into an e-commerce and warehousing hub has pulled in buyers priced out of a New York or Philadelphia commute, pushing prices up faster than the rest of Pennsylvania. School-district property taxes, not a single citywide rate, do most of the work in setting the final bill.

Nearby metros

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