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City of Pittsburgh

Investing in Allentown

A Pittsburgh investor's snapshot of Allentown — typical rents, rent-to-price, renovation values, and how the numbers pencil for rentals and flips.

Rental snapshot

Max Cashflow
Rent-to-price1.22–1.46%/mo
Price / unit (2–4 unit)$70K–$95K/unit
1-BR rent$800–$1,000/mo
2-BR rent$1,000–$1,200/mo
3-BR rent$1,150–$1,375/mo

Flip / value-add snapshot

Value
Renovated ARV$155-$235K
Typical buy range$64-$124K

South Side adjacent - low acquisition.

How Allentown pencils

  • rents are strong against the purchase price, which is what makes a rental pencil here
  • there is a real spread between buy price and renovated value, so a value-add works when you buy right
  • entry prices are among the lowest in the metro

Against the rest of the metro

43rd
best rent-to-price of 192 submarkets
19%
of Pittsburgh submarkets are cheaper to buy into
2.07×
renovated value vs. typical buy price

What a typical Allentown rental looks like

Purchase (midpoint of the range)$94,000
Rent (typical 2-bed)$1,100/mo
Down payment (25%)$23,500
Principal & interest (7%, 30yr)$469/mo
Taxes & insurance$172/mo
Vacancy & maintenance (7% + 10%)$187/mo
Estimated cashflow$272/mo

13.9% cash-on-cash on the down payment alone

Self-managed, before closing costs and rehab. Midpoints of the published ranges — a real property will differ, which is what the analysis on an actual address is for.

Want Allentown deals as they come up?

I'll talk through the market, your buy box, and your goals — then send off-market and new Allentown deals that fit.

If Allentown works for you, look at these

Similar entry price, rent-to-price and renovated value.

Directional investment estimates showing where the numbers point — not an appraisal, and not a statement about any community or its residents. Always run real comps and rents on a specific property. Equal Housing Opportunity.