The U.S. Census Bureau says the Lehigh Valley has 264,310 housing units, and if you’re in the market, you can find one at just about any type, size, condition or cost.
The housing stock of the Lehigh Valley is primarily made up of five different housing types. More than half of the region’s housing units (53%) are single-family detached homes. Approximately 56% of residences were built between 1950 and 2000, and one in four residences was built before 1940.
Homeowners in the Lehigh Valley make up the majority, while just under a third of residents are renters. About 7% of housing units in the Lehigh Valley are vacant, a rate that is consistent in both Lehigh and Northampton counties.
Just 8% of homeowners are under the age of 35, yet that demographic comprises nearly one-third of the renter population. For age groups above 35 years old, owners outnumber renters by more than 10%.
The majority of apartments in the Lehigh Valley cost between $500 and $1,500 per month. In 2016, single-family detached homes sold for significantly more than single-family attached and multi-family housing types, and mobile homes were the least expensive option. But affordability, for renters and owners, is one of the greatest housing issues in the Lehigh Valley. According to the LVPC’s 1LV report, 48% of people in a public opinion survey identified quality housing attainable for working families as the region’s top housing need.