Market Overview
Home Prices in Allen, TX
The median home value in Allen, TX is $497,364 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.4% compared to a year ago and down 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Allen are priced21% above average. Allen is part of the Dallas-Fort Worth-Arlington, TX metro area.
Over the past five years, Allen home values have risen by approximately19.8%, reflecting steady appreciation in this market.
Price History
Allen Home Price Trend
City Comparison
Allen vs. National Median
At $497,364, homes in Allen cost 21% above the national median of $410,000. Buyers in Allen should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Allen?
20% Down Payment
$99,473
on $497,364
Monthly P&I
$2,594/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,294/mo
incl. taxes & insurance
Income Needed
$131,760
gross annual (30% rule)
10% Down Option
$49,736
+ PMI applies
Loan Amount (20% dn)
$397,891
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, TX?
The median home value in Allen is $497,364 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.4% year-over-year.
How much have home prices changed in Allen?
Over the past year, home values in Allen have decreased by 6.4%. Over five years, prices have risen approximately 19.8%.
How much do I need to earn to buy a home in Allen?
To comfortably afford the median home price of $497,364 with a 20% down payment ($99,473) at today's rates (6.8%), you'd need a gross annual income of approximately $131,760. 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 $497,364, homes in Allen are 21% above the national average.
What metro area is Allen part of?
Allen is part of the Dallas-Fort Worth-Arlington, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.