Median Home Price
$350,229.07
Median Rent
$1,777.62/mo
Price-to-Rent Ratio
16.4
Property Tax RateTIE
1.54%
Price Change (1Y)BETTER
+3.6%
Price Change (5Y)BETTER
+18.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$137,576
Median Home PriceBETTER
$228,588.5
Median RentBETTER
$1,703.54/mo
Price-to-Rent RatioBETTER
11.2
Property Tax RateTIE
1.54%
Price Change (1Y)
+2.8%
Price Change (5Y)
+14.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$14,873
Key Differences
Home Prices
Allentown's median home price of $350,229.07 is higher than Philadelphia's $228,588.5 by 53%.
Monthly Rent
Renting in Allentown costs $1,777.62/mo compared to $1,703.54/mo in Philadelphia—a difference of $74.08/mo.
Buy vs Rent Verdict
Allentown favors renting, while Philadelphia favors either option.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.