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Allendale, MI—49401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$410,000
6.2% YoY Growth
Household Income
$73,000
65.0% YoY Growth
Days on Market
31
1.0% Shorter YoY
Home Price Forecast
0.6%
Median Rent
$1,750
49.6% YoY Growth
1-Bed Rent
$1,430
54.6% YoY Growth
2-Bed Rent
$2,260
N/A
3-Bed Rent
$710
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Allendale, MI

As of May '26, the median home price in Allendale, MI is $410,000, with a year-over-year change of 6.2%. This indicates that home prices in Allendale, MI are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$410,0006.2%
Single Family $415,0005.9%
Condos $373,0005.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$337,0004.0%
    3 Bed
    		$397,0003.7%
    4 Bed
    		$439,0004.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    4.3%
    2 Bedrooms
    20.1%
    3 Bedrooms
    27.2%
    4 Bedrooms
    38.9%
    5+ Bedrooms
    8.5%

    Rental Trends — Allendale, MI

    As of July '25, Rentcast reports the average rent in Allendale, MI is $1,780, with a year-over-year rent change of 49.6%. Per bedroom, the median rent as of July '25 in Allendale, MI is 1-bedrooms: $1,430, 2-bedrooms: $2,260, 3-bedrooms: $1,230, 4-bedrooms: $1,880. The most common rental property sizes in Allendale, MI are 4-bedroom and 2-bedroom, accounting for 47.5% and 27.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,750$1,780
    Studio Rent N/AN/A
    1 Bed Rent $1,430$1,430
    2 Bed Rent $2,260$2,260
    3 Bed Rent $710$1,230
    4 Bed Rent $2,500$1,880
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    % of Rental Stock

    Studio
    1.5%
    1 Bedroom
    6.4%
    2 Bedrooms
    27.3%
    3 Bedrooms
    14.3%
    4 Bedrooms
    47.5%
    5+ Bedrooms
    3.0%

    Property Listings — Allendale, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Allendale, MI is 31. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 6.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$495,000-1.0%
    Listing Count
    		62-1.0%
    Listings as % of Homes0.4%-1.0%
    Days on Market
    		31-1.0%
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    Demographics — Allendale, MI

    As of the latest ACS Survey released in 2023, Allendale, MI has a population of 28,900, which has increased by 19.1% over the past 5 years. Allendale, MI is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,90019.1%
    % Under 18
    		16.4%0.0%
    % Seniors
    		5.7%23.9%
    % WFH
    		8.4%154.5%
    % w/ College Degree
    		40.6%8.0%
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    As of the latest ACS Survey released in 2023, Allendale, MI is a predominantly white area, with 88.9% of the population identifying as white. The white population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Allendale, MI is hispanic, making up 4.4% of the population. Foreign-born residents account for 2.0% of the population in Allendale, MI, and this percentage has decreased by 57.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.9%7.2%
    % Black
    		2.0%-47.4%
    % Hispanic
    		4.4%-45.0%
    % Asian
    		1.5%-6.2%
    % Foreign Born
    		2.0%-57.4%
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    Mortgage and Risk — Allendale, MI

    According to HUD data as of 2023, there were 446 mortgage originations in Allendale, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Allendale, MI. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		446
    % Conventional Loans
    		91.0%
    % Government Loans
    		9.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Allendale, MI

    As of 2024, the percent of homes in Allendale, MI under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Allendale, MI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		29
    Total Units Section 8
    		29
    % Rentals under Section 8
    		0.7%
    % Occupied Section 8
    		93.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$80$1,430$1,350
    2 Bedroom-$720$2,260$1,540
    3 Bedroom$1,270$710$1,980
    4 Bedroom-$250$2,500$2,250

    Affordability — Allendale, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$410,000
    Median Household Income$73,000

    Allendale, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Coopersville, MI

    49404

    Marne, MI

    49435

    Hudsonville, MI

    49426

    Jenison, MI

    49428

    Zeeland, MI

    49464

    Frequently Asked Questions