Home Values in Bethlehem, Pennsylvania — 2026 Market Report
Updated March 2026 | Balanced Market | +4.5% YoY
The median home value in Bethlehem, Pennsylvania is $225,000 as of March 2026, which is below the national median of $400,000. Home values in Bethlehem have increased by 4.5% over the past year and 24.6% over the last five years. With a population of 75,781 and a median household income of $52,250, the price-to-income ratio stands at 4.3x, making Bethlehem affordable for the average household.
Bethlehem Housing Market Conditions
| Metric | Bethlehem | National Avg |
|---|---|---|
| Median Home Value | $225,000 | $400,000 |
| YoY Appreciation | +4.5% | +3.8% |
| 5-Year Appreciation | +24.6% | +22.4% |
| Price per Sq Ft | $83 | $222 |
| Days on Market | 64 days | 45 days |
| Months of Supply | 4.1 | 3.5 |
| List-to-Sale Ratio | 100.8% | 98.5% |
| Monthly Homes Sold | 71 | — |
| Foreclosure Rate | 0.55% | 0.3% |
Home Value Trends in Bethlehem
A homeowner who purchased at the median price of $180,578 five years ago in Bethlehem would have gained approximately $44,422 in equity, representing a 24.6% return on investment. Over the past year alone, the typical homeowner gained $9,689 in home equity.
Affordability in Bethlehem, PA
With a median household income of $52,250 and a median home price of $225,000, the price-to-income ratio in Bethlehem is 4.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,682 compared to estimated monthly ownership costs of $1,324 gives a rent-vs-buy ratio of 0.79. In Bethlehem, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Bethlehem
The effective property tax rate in Pennsylvania is 1.36%. On a home valued at $225,000, the estimated annual property tax bill is $3,060, or approximately $255/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Bethlehem is 93.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Bethlehem, PA?
The median home value in Bethlehem, Pennsylvania is $225,000 as of March 2026. Home values have changed +4.5% over the past year, with a 5-year appreciation of 24.6%.
Is Bethlehem a buyer's or seller's market?
Bethlehem is currently a balanced market with 4.1 months of housing supply. Homes spend an average of 64 days on market, and the list-to-sale price ratio is 100.8%. Supply and demand are relatively balanced.
Are home values going up in Bethlehem?
Yes, home values in Bethlehem have increased by 4.5% over the past year. The 5-year appreciation rate is 24.6%, meaning a home worth $180,578 five years ago is now worth $225,000.
Is it better to rent or buy in Bethlehem?
The average monthly rent in Bethlehem is $1,682, while estimated monthly homeownership costs are approximately $1,324. The price-to-rent ratio is 11.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Bethlehem, Pennsylvania is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.