Market Overview
Home Prices in Allen Park, MI
The median home value in Allen Park, MI is $213,794 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allen Park are priced48% below average. Allen Park is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Allen Park home values have risen by approximately26.8%, reflecting strong long-term appreciation in this market.
Price History
Allen Park Home Price Trend
City Comparison
Allen Park vs. National Median
At $213,794, homes in Allen Park cost 48% below the national median of $410,000. This makes Allen Park a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allen Park?
20% Down Payment
$42,759
on $213,794
Monthly P&I
$1,115/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,416/mo
incl. taxes & insurance
Income Needed
$56,640
gross annual (30% rule)
10% Down Option
$21,379
+ PMI applies
Loan Amount (20% dn)
$171,035
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 Park, MI?
The median home value in Allen Park is $213,794 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Allen Park?
Over the past year, home values in Allen Park have increased by 2.6%. Over five years, prices have risen approximately 26.8%.
How much do I need to earn to buy a home in Allen Park?
To comfortably afford the median home price of $213,794 with a 20% down payment ($42,759) at today's rates (6.8%), you'd need a gross annual income of approximately $56,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Allen Park compare to the national average home price?
The national median home value is approximately $410,000. At $213,794, homes in Allen Park are 48% below the national average.
What metro area is Allen Park part of?
Allen Park is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.