Allenwood, PA
Population 354 · Pennsylvania
About Allenwood, PA
Allenwood is a small community located in Pennsylvania with a population of 354 residents according to the latest US Census Bureau American Community Survey data. The median household income is $86,111 per year, which is 15% above the national median of $75,149. The median age of 46.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Allenwood features a median home value of $195,000, which is 20% below the national median of $244,900. This positions Allenwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,000, 14% below the national average of $1,163/month. Of the 143 total housing units, 75% are owner-occupied (94 units) and 25% are renter-occupied (32 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Allenwood shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Allenwood have an average one-way commute time of 23.7 minutes.
Education & Demographics
15.8% of Allenwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.0% of the population being foreign-born.
Cost of Living in Allenwood, PA
Compared to national averages, Allenwood has a median household income of $86,111 (15% above the national median of $75,149). Home values average $195,000, which is 20% below the national median. Monthly rent at $1,000 is 14% below the US average of $1,163. Within Pennsylvania, Allenwood's income is 17% above the state average of $73,376, and home values are 2% above the state median of $190,903.
Why Live in Allenwood, PA?
Allenwood offers a strong local economy with a median household income of $86,111, well above the national average, and affordable housing with a median home value of $195,000, below the US average of $244,900, and rent that’s lower than the national average at $1,000/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 0.9%, better than the national average, and short commute times averaging just 23.7 minutes.
Allenwood has a population of 354 with a median age of 46.1 years. Compare Allenwood with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Allenwood
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Richfield | 355 | $61,875 | $133,900 | Compare |
| Slatedale | 353 | $120,133 | $117,400 | Compare |
| Westover | 353 | $45,833 | $73,400 | Compare |
| Bear Creek Village | 356 | $172,500 | $365,500 | Compare |
| Centerport | 352 | $80,250 | $251,400 | Compare |
| New Galilee | 352 | $49,583 | $107,400 | Compare |
| West Falls | 352 | $60,750 | $156,300 | Compare |
| Eagleville CDP (Centre County), Pennsylvania | 351 | $58,350 | $187,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Allenwood
What is the population of Allenwood, PA?
The population of Allenwood, PA is 354 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Allenwood?
The median household income in Allenwood, PA is $86,111 per year, which is 15% above the national median of $75,149.
What is the median home value in Allenwood?
The median home value in Allenwood, PA is $195,000, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Allenwood?
The median monthly rent in Allenwood, PA is $1,000, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Allenwood?
The unemployment rate in Allenwood, PA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Allenwood, PA a good place to live?
Allenwood offers above-average incomes, affordable housing, and a strong job market. With a population of 354 and a median age of 46.1, the city appeals to established professionals and retirees.
How educated is Allenwood, PA?
15.8% of residents in Allenwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Allenwood?
Key cost-of-living indicators for Allenwood, PA: median home value is $195,000 (20% below national), median rent is $1,000/month, and median household income is $86,111. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Allenwood?
The poverty rate in Allenwood, PA is 0.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Allenwood, PA?
Allenwood's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.0% of residents are foreign-born.