Neighborhoods in Allentown with the costliest house gross sales

After house costs climbed by a record-setting 16.9% nationwide in 2021, the market was met with one other beautiful statistic in April 2022: 11 American metros now have a median house bought value of greater than $500,000. The half-million greenback common sale value metric comes from an OJO Labs survey of March house gross sales. Nationwide, the median gross sales value of a house reached $392,750 as of mid-April 2022.

In traditionally rich cities and people with extra modest house costs, the trajectory is similar: Costs hold going up whilst mortgage charges spike. Causes for the worth jumps are mirrored throughout the nation. A protracted-term housing scarcity that started after the Nice Recession was exacerbated by provide chain disruptions that made it more durable to supply development materials, which affected just about all housing markets. One other issue that has pushed up costs is the rise of buyers which have entered the market. In lots of areas together with Charlotte, North Carolina, funding corporations are shopping for up big swaths of single-family houses.

In smaller cities and cities, historically decrease inhabitants numbers have been met with a swell of households transferring away from huge cities through the coronavirus pandemic, driving competitors up for housing. Document-low mortgage charges have been one more reason for an exploding variety of patrons, though rising charges don’t appear to be doing a lot to sluggish bidding wars in lots of metros.

Actual property platform ZeroDown analyzed its knowledge on house listings to find out the costliest neighborhood in Allentown, primarily based on houses bought between March 18, 2022 and April 18, 2022. Neighborhoods are ranked by the median house value per sq. foot.

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Learn on to see your metropolis’s costliest neighborhoods or see the nationwide story which options neighborhoods in 20 metros right here.

#10. West Walnut / Union Terrace

– Median Residence Worth: $180,052 ($124 per sq. foot)

– Median Hire: $964

– Inhabitants: 5,035

– Stroll Rating: 64

– Bike Rating: 37

– Transit Rating: 40

#9. Newbridge Park

– Median Residence Worth: $164,885 ($150 per sq. foot)

– Median Hire: $999

– Inhabitants: 269

– Stroll Rating: 73

– Bike Rating: 44

– Transit Rating: 31

#8. Westbrook Park

– Median Residence Worth: $195,049 ($152 per sq. foot)

– Median Hire: $999

– Inhabitants: 881

– Stroll Rating: 63

– Bike Rating: 39

– Transit Rating: 31

#7. Hamilton Park

– Median Residence Worth: $236,808 ($168 per sq. foot)

– Median Hire: $1,338

– Inhabitants: 2,599

– Stroll Rating: 42

– Bike Rating: 42

– Transit Rating: 36

#6. Daybreak Sq.

– Median Residence Worth: $346,974 ($171 per sq. foot)

– Median Hire: $1,089

– Inhabitants: 6,403

– Stroll Rating: 79

– Bike Rating: 48

– Transit Rating: 41

#5. Susquehanna Park

– Median Residence Worth: $158,103 ($181 per sq. foot)

– Median Hire: $879

– Inhabitants: 1,315

– Stroll Rating: 48

– Bike Rating: 33

– Transit Rating: 35

#4. West Finish Theatre District

– Median Residence Worth: $191,953 ($188 per sq. foot)

– Median Hire: $1,131

– Inhabitants: 1,606

– Stroll Rating: 83

– Bike Rating: 53

– Transit Rating: 39

#3. Trexler Park

– Median Residence Worth: $415,403 ($196 per sq. foot)

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– Median Hire: $1,504

– Inhabitants: 3,550

– Stroll Rating: 36

– Bike Rating: 27

– Transit Rating: 26

#2. Mountainville

– Median Residence Worth: $261,713 ($197 per sq. foot)

– Median Hire: $1,037

– Inhabitants: 4,597

– Stroll Rating: 57

– Bike Rating: 40

– Transit Rating: 30

#1. Alton Park

– Median Residence Worth: $275,131 ($222 per sq. foot)

– Median Hire: $1,148

– Inhabitants: 464

– Stroll Rating: 46

– Bike Rating: 41

– Transit Rating: 27