CALCMONEY // MORTGAGE // PA // ALLENTOWN
Calculate your monthly mortgage payment using Allentown-specific property tax rates and local market data.
$215,000
6.95%
2.1%
96
| Principal & Interest | $1,139 |
| Property Tax | $376 |
| Homeowners Insurance (est.) | $72 |
| Total Monthly Payment (PITI) | $1,586 |
$43,000
$237,878
$67,991/yr
The median home price in Allentown is $215,000, below the national median of $420,000. With a median household income of $48,000, the price-to-income ratio is 4.5x — meaning buyers typically spend 4.5 years of gross income on the purchase price.
Property taxes in Allentown run 2.1% of assessed value. On the median home, that is $4,515 per year, or $376 per month added to your mortgage payment. This is significantly above the national average of 1.1%, making property taxes a major factor in your total housing cost.
Pennsylvania has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Allentown is 96 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $172,000 loan saves $7,740 in interest over 30 years.
Compare Top Allentown Mortgage Lenders