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Affordable
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These days, finding an affordable place to live in the Allen area can be challenging. Home prices in Allen are now at a median cost of $177,503, lower than the Michigan average of $250,415.
The average cost of rent is $704/mo in Allen, primarily driven by the current value of real estate in the Allen area. In Allen, 16.25% of households rent, and 47.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Allen is $5,584 per month. Households that rent pay about 12.61% of their income on rent here. Allen’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Quincy, MI: equally priced homes
- Reading, MI: less expensive homes
- Hillsdale, MI: equally priced homes
- Jonesville, MI: equally priced homes
- Litchfield, MI: less expensive homes
- South Butler, MI: equally priced homes
- Steamburg, MI: equally priced homes
- Cambria, MI: less expensive homes
- Crystal Beach, MI: higher priced homes
- Mosherville, MI: higher priced homes
Cities with Similar Populations
- Cedar Key, FL: higher priced homes
- Fort Davis, TX: higher priced homes
- Columbus, NM: equally priced homes
- Lincoln, NH: higher priced homes
- Smartville, CA: higher priced homes
- Randle, WA: higher priced homes
- Slaughters, KY: less expensive homes
- St. Martins, MO: higher priced homes
- Pembine, WI: less expensive homes
- Greenwood, MI: equally priced homes
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