
Home Price Key
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 $240,550, higher than the Michigan average of $196,062.
The average cost of rent is $1,152/mo in Allenton, primarily driven by the current value of real estate in the Allenton area. While nearly 34.80% of residents own their homes outright in Allenton, 3.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in Allenton is $6,502 per month. Households that rent pay about 17.72% of their income on rent here. Allenton's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
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