In a recent government meeting, officials discussed the findings of a comprehensive housing market analysis that categorizes neighborhoods in Allentown based on property values and market stability. The analysis utilized a range of indicators, including median sales prices, housing permits, and signs of market distress such as code violations and vacant properties.

The neighborhoods were classified into distinct market categories: A and B represent the strongest markets, C, D, and E are considered middle markets, while F and G indicate stressed markets. Notably, 55% of the city falls into the middle market category, with the remaining areas evenly split between strong and stressed markets. The analysis revealed that the most distressed markets are concentrated in the city center, with the lowest property values found in the core areas.

Officials emphasized the importance of understanding these classifications as they relate to displacement risk. A second map presented during the meeting highlighted areas at risk for price-based displacement, with deep red indicating high risk and deep blue representing affordability. While the city overall is not classified as high risk for displacement, certain neighborhoods, particularly around Hamilton Street and Hanover Avenue, were identified as having significant displacement pressures.

The discussion underscored the need for targeted strategies to address these risks, particularly in neighborhoods where rising home values are outpacing resident incomes. Officials noted that homeowners in these areas may feel compelled to sell due to maintenance costs or market pressures, potentially leading to increased rental prices and further displacement.

The meeting concluded with a call for data-informed strategies to stabilize at-risk neighborhoods, leveraging the insights gained from the analysis to guide future housing policies and interventions.