Allentown is a city located in Lehigh County, Pennsylvania, United States. It is Pennsylvania's third most populous city and the 231st largest city in the United States. As of the 2010 census, the city had a total population of 118,032 and is currently the fastest growing city in all of Pennsylvania. It is the largest city in the metropolitan area known as the Lehigh Valley, which had a population of 821,623 residents as of 2010. Allentown constitutes a portion of the New York City Combined Statistical Area and is the county seat of Lehigh County. In 2012, the city celebrated the 250th anniversary of its founding in 1762.
Located on the Lehigh River, Allentown is the largest of three adjacent cities, in Northampton and Lehigh counties, that make up a region of eastern Pennsylvania known as the Lehigh Valley. Allentown is 50 miles (80 km) north-northwest of Philadelphia, the sixth most populous city in the United States, 90 miles (140 km) east-northeast of Harrisburg, the state capital, and 90 miles (140 km) west of New York City, the nation's largest city.
The Norfolk Southern Railway's Lehigh Line (formerly the main line of the Lehigh Valley Railroad using former Lehigh and Susquehanna Railroad main line trackage), runs through Allentown heading east across the Delaware River. The Norfolk Southern Railway's Reading Line runs through Allentown heading west to Reading, Pennsylvania.
Allentown was cited as a "national success story" in April 2016 by the Urban Land Institute for its downtown redevelopment and transformation, one of only six communities in the country to have been named as such.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Allentown, Bethlehem, Easton, PA, NJ, Pennsylvania. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Allentown, Bethlehem, Easton, Pennsylvania, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the Northeast rose 3.2%, to $282,300, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Pennsylvania, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|New York-Newark-Jersey City, NY-NJ-PA||$414,000||4.70%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Pennsylvania.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the 2010 census, the city was 58.5% White (43.2% non-Hispanic white), 12.5% Black or African American (10.2% non-Hispanic black), 0.8% Native American (non-Hispanic), 2.2% Asian (non-Hispanic), and 5.0% were two or more races. 42.8% of the population were of Hispanic or Latino ancestry, mostly made up of Puerto Ricans. 14.6% of the population were foreign-born.
As of the census of 2000, there were 106,632 people and 25,135 families residing in the city. The population density was 6,011.5 inhabitants per square mile (2,320.8/km²). There were 45,960 housing units at an average density of 2,591.1 per square mile (1,000.3/km²). The racial makeup of the city was 72.55% White, 7.85% African American, 0.33% Native American, 2.27% Asian, 0.07% Pacific Islander, 13.37% from other races, and 3.55% from two or more races. 24.44% of the population were Hispanic or Latino.
|Population, percent change, 2000–2010||+10.7%||+3.4%||+9.7%|
|Population density||6,557.3/sq. mi.||275.8/sq. mi.||81.4/sq. mi.|
|Hispanic (any race)||42.8%||5.7%||16.3%|
There were 42,032 households in the city, of which 28.8% had children under the age of 18, 39.4% had married couples living together, 15.1% had a female householder with no husband present, and 40.2% had non-families. 33.1% of all households were made up of individuals and 12.8% had someone living alone who was 65 years of age or older. The city's average household size is 2.42 and the average family size was 3.09.
The city's population broken down by age ranges was 24.8% under 18, 11.2% from 18–24, 29.8% from 25–44, 19.1% from 45–64, and 15.1% 65 years or older. The median age was 34 years. For every 100 females, there are 91.8 males. For every 100 females age 18 and over, there were 87.7 males.
The median income for a household in the city was $32,016, and the median income for a family was $37,356. Males had a median income of $30,426 versus $23,882 for females. The per capita income for the city was $16,282. 18.5% of the population and 14.6% of families were below the poverty line. 29.4% of those under the age of 18 and 10.3% of those 65 and older were living below the poverty line. The unemployment rate for the entire Lehigh Valley area is 9.8% as of February 2010, with Allentown's unemployment rate estimated at over 10%.
Allentown's economy has historically been manufacturing-based, but with a more recent turn to a more service oriented economy due to general rust belt decline in heavy industry. The city serves as the location of corporate headquarters for several large, global companies, including Air Products & Chemicals, PPL, and others. The largest employer in Allentown is Lehigh Valley Hospital and Health Network, with more than 7,800 employees.
Center City area along Hamilton Street between 5th and 10th Streets used to be the primary shopping district in Allentown. During 1960's and 1970's, several shopping malls were built in and around Allentown. South Mall, Lehigh Valley Mall, and Whitehall Mall today are the popular choices of shopping. Also in 2006, The Promenade Shops at Saucon Valley, opened south of the city, in Upper Saucon Township. Instead of Allentown downtown being a shopping mecca, the use of it has turned into office buildings and became a center-city campus for county government workers, along with those of PPL.