Cost of Living

A Top Market for Homebuyers, Particularly Millenials


The Lehigh Valley is one of the best markets in the country for homebuyers, according to two recent research reports by, the official website of the National Association of Realtors. The Lehigh Valley ranked among the top 10 markets for homebuyers between the ages of 18 and 35 in the Q3 2019 Generational Propensity Report. Rankings are based on factors such as household income by age bracket, median home sale prices, and mortgage interest rates.



  • $206,000 Median home sale price
  • $240,000 Median single-family detached home sale price
  • $185,000 Median condominium sale price
  • $153,000 Median townhouse sale price
  • $139,000 Median single-family attached home sale price
  • 270,193 Housing units
  • $1,040 Median rent
  • $1,283 Average rent for 2-bedroom apartment
  • 3% Annualized rent growth rate in 2019


*Data as of Q1 2020

Sources: LVEDC Research, Greater Lehigh Valley Realtors®; CoStar; Census Bureau