Market Overview
Home Prices in Allenton, MI
The median home value in Allenton, MI is $363,021 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allenton are priced11% below average. Allenton is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Allenton home values have risen by approximately21.2%, reflecting strong long-term appreciation in this market.
Price History
Allenton Home Price Trend
City Comparison
Allenton vs. National Median
At $363,021, homes in Allenton cost 11% below the national median of $410,000. This makes Allenton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Allenton?
20% Down Payment
$72,604
on $363,021
Monthly P&I
$1,893/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,404/mo
incl. taxes & insurance
Income Needed
$96,160
gross annual (30% rule)
10% Down Option
$36,302
+ PMI applies
Loan Amount (20% dn)
$290,417
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 Allenton, MI?
The median home value in Allenton is $363,021 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Allenton?
Over the past year, home values in Allenton have increased by 5.8%. Over five years, prices have risen approximately 21.2%.
How much do I need to earn to buy a home in Allenton?
To comfortably afford the median home price of $363,021 with a 20% down payment ($72,604) at today's rates (6.8%), you'd need a gross annual income of approximately $96,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Allenton compare to the national average home price?
The national median home value is approximately $410,000. At $363,021, homes in Allenton are 11% below the national average.
What metro area is Allenton part of?
Allenton is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.