Allenton, MI—48002
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Allenton, MI
As of Oct '25, the median home price in Allenton, MI is $338,000, with a year-over-year change of 4.2%. This indicates that home prices in Allenton, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $338,000 | 4.2% |
| Single Family | $337,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $343,000 | 3.9% |
4 Bed | $387,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Allenton, MI
Allenton, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Allenton, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Allenton, MI is 19. This is a increase of 3.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $666,000 | 46.0% |
Listing Count | 7 | -41.0% |
| Listings as % of Homes | 0.4% | -41.0% |
Days on Market | 19 | 3.0% |
Demographics — Allenton, MI
As of the latest ACS Survey released in 2023, Allenton, MI has a population of 3,130, which has decreased by -3.2% over the past 5 years. Allenton, MI is a moderately popular place for families, as children make up 17.9% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,130 | -3.2% |
% Under 18 | 17.9% | -17.5% |
% Seniors | 22.5% | 39.8% |
% WFH | 13.7% | 1,270.0% |
% w/ College Degree | 20.8% | 16.2% |
As of the latest ACS Survey released in 2023, Allenton, MI is a predominantly white area, with 96.7% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Allenton, MI is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.8% of the population in Allenton, MI, and this percentage has decreased by 46.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.7% | 0.5% |
% Black | 0.0% | N/A |
% Hispanic | 1.3% | -40.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.8% | -46.7% |
Mortgage and Risk — Allenton, MI
According to HUD data as of 2023, there were 104 mortgage originations in Allenton, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Allenton, MI. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 104 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Allenton, MI
Allenton, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,270 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | N/A | N/A | $1,960 |
| 4 Bedroom | N/A | N/A | $2,120 |
Affordability — Allenton, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $338,000 |
| Median Household Income | $91,900 |