Market Overview
Home Prices in Allen, MI
The median home value in Allen, MI is $213,807 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allen are priced48% below average. Allen is part of the Hillsdale, MI metro area.
Over the past five years, Allen home values have risen by approximately20.3%, reflecting strong long-term appreciation in this market.
Price History
Allen Home Price Trend
2020
$154,440
$154K
—
2021
$177,724
$178K
+15.1%
2022
$195,296
$195K
+9.9%
2023
$184,053
$184K
-5.8%
2024
$192,162
$192K
+4.4%
2025
$198,736
$199K
+3.4%
2026
$213,807
$214K
+7.6%
City Comparison
Allen vs. National Median
🏠 Allen
$213,807
National Median
$410,000
At $213,807, homes in Allen cost 48% 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
$42,761
on $213,807
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
$21,381
+ PMI applies
Loan Amount (20% dn)
$171,046
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, MI?
The median home value in Allen is $213,807 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Allen?
Over the past year, home values in Allen have increased by 7.6%. Over five years, prices have risen approximately 20.3%.
How much do I need to earn to buy a home in Allen?
To comfortably afford the median home price of $213,807 with a 20% down payment ($42,761) 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 compare to the national average home price?
The national median home value is approximately $410,000. At $213,807, homes in Allen are 48% below the national average.
What metro area is Allen part of?
Allen is part of the Hillsdale, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.