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Lower Allen

Learn about the people, housing, costs and businesses in Lower Allen, Pennsylvania

Median Home$250,527
Median Rent$1,240/month
Population7,731
Leading IndustriesProfessional Services · Finance & Insurance · Education4% professional services
Home Value Growth⬆⬆+18.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners64% of occupied units
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
Lower Allen
PA

Frequently Asked Questions

What are today's mortgage rates in Lower Allen?

As of today, the 30-year fixed mortgage rate for Lower Allen is approximately 7.033% (7.074% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lower Allen?

The median home value in Lower Allen is $251k. The median monthly rent is $1,240. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lower Allen?

Home values in Lower Allen have increased 18.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lower Allen?

Based on a typical all-in ownership cost of $1,296/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lower Allen is $84k/year.

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What industries drive the economy in Lower Allen?

The largest employment sectors in Lower Allen are public administration (23%) and healthcare (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.