Market Overview
Home Prices in Allegan, MI
The median home value in Allegan, MI is $286,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allegan are priced30% below average. Allegan is part of the Holland, MI metro area.
Over the past five years, Allegan home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
Allegan Home Price Trend
City Comparison
Allegan vs. National Median
At $286,994, homes in Allegan cost 30% below the national median of $410,000. This makes Allegan a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allegan?
20% Down Payment
$57,399
on $286,994
Monthly P&I
$1,497/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,901/mo
incl. taxes & insurance
Income Needed
$76,040
gross annual (30% rule)
10% Down Option
$28,699
+ PMI applies
Loan Amount (20% dn)
$229,595
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 Allegan, MI?
The median home value in Allegan is $286,994 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Allegan?
Over the past year, home values in Allegan have increased by 6.1%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in Allegan?
To comfortably afford the median home price of $286,994 with a 20% down payment ($57,399) at today's rates (6.8%), you'd need a gross annual income of approximately $76,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Allegan compare to the national average home price?
The national median home value is approximately $410,000. At $286,994, homes in Allegan are 30% below the national average.
What metro area is Allegan part of?
Allegan is part of the Holland, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.