Allentown, PA

Allentown, Pennsylvania is a city located in the Lehigh Valley region of the state. The city has a population of over 120,000 and is home to many major corporations, including PPL Corporation and J&J Snack Foods. Allentown was founded in 1733 and became an official city in 1854. The city's economy is based largely on its industrial and commercial sectors, with significant contributions from its manufacturing sector as well. Real estate is an important part of the Allentown economy, with a wide range of properties available for purchase or lease.

The real estate market in Allentown is characterized by strong demand and relatively low availability of properties. The average asking price for residential properties in the city was $157,000 as of September 2017, while the median sale price was $137,500. The average list price for commercial properties was $1.5 million as of September 2017. There are a number of factors that contribute to this high demand for real estate in Allentown: strong economic growth prospects due to major corporate headquarters located in the city; low unemployment rates; and limited housing stock available due to decades-long redevelopment efforts following the collapse of the local steel industry in the late 20th century. Despite these factors, there are also some limitations to the market that should be considered when purchasing or leasing property in Allentown: high levels of crime; limited access to transportation; and a relatively small pool of qualified buyers or renters due to tight competition among potential buyers or landlords.