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These days, finding an affordable place to live in the Allenton area can be challenging. Home prices in Allenton are now at a median cost of $309,845, higher than the Michigan average of $250,415.
The average cost of rent is $987/mo in Allenton, primarily driven by the current value of real estate in the Allenton area. In Allenton, 1.78% of households rent, and 43.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Allenton is $7,287 per month. Households that rent pay about 13.55% of their income on rent here. Allenton’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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