Market Overview
Home Prices in Allen, KY
The median home value in Allen, KY is $114,947 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 14% compared to a year ago and up 7.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allen are priced72% below average.
Over the past five years, Allen home values have risen by approximately13.2%, reflecting steady appreciation in this market.
Price History
Allen Home Price Trend
2020
$87,502
$88K
—
2021
$101,546
$102K
+16.0%
2022
$111,213
$111K
+9.5%
2023
$121,095
$121K
+8.9%
2024
$123,814
$124K
+2.2%
2025
$133,651
$134K
+7.9%
2026
$114,947
$115K
-14.0%
City Comparison
Allen vs. National Median
🏠 Allen
$114,947
National Median
$410,000
At $114,947, homes in Allen cost 72% below the national median of $410,000. This makes Allen a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allen?
20% Down Payment
$22,989
on $114,947
Monthly P&I
$599/mo
30-yr @ 6.8%
Total Monthly Est.
~$761/mo
incl. taxes & insurance
Income Needed
$30,440
gross annual (30% rule)
10% Down Option
$11,495
+ PMI applies
Loan Amount (20% dn)
$91,958
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Allen, KY?
The median home value in Allen is $114,947 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 14% year-over-year.
How much have home prices changed in Allen?
Over the past year, home values in Allen have decreased by 14%. Over five years, prices have risen approximately 13.2%.
How much do I need to earn to buy a home in Allen?
To comfortably afford the median home price of $114,947 with a 20% down payment ($22,989) at today's rates (6.8%), you'd need a gross annual income of approximately $30,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Allen compare to the national average home price?
The national median home value is approximately $410,000. At $114,947, homes in Allen are 72% below the national average.