Allen, TX—75002
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Allen, TX
Home Price Trends — Allen, TX
As of Oct '25, the median home price in Allen, TX is $462,000, with a year-over-year change of -4.3%. This indicates that home prices in Allen, TX are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $462,000 | -4.3% |
| Single Family | $463,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $295,000 | -6.9% |
3 Bed | $375,000 | -5.3% |
4 Bed | $500,000 | -4.4% |
| 5 Bed | $910,000 | -0.9% |
% of Housing Stock
Rental Trends — Allen, TX
As of July '25, Rentcast reports the average rent in Allen, TX is $2,470, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Allen, TX is 1-bedrooms: $1,280, 2-bedrooms: $1,700, 3-bedrooms: $2,440, 4-bedrooms: $3,130. The most common rental property sizes in Allen, TX are 3-bedroom and 2-bedroom, accounting for 38.8% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,280 |
| 2 Bed Rent | $1,650 | $1,700 |
| 3 Bed Rent | $2,330 | $2,440 |
| 4 Bed Rent | $2,700 | $3,130 |
% of Rental Stock
Property Listings — Allen, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Allen, TX is 57. This is a increase of 8.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $516,000 | -3.0% |
Listing Count | 288 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 57 | 8.0% |
Demographics — Allen, TX
As of the latest ACS Survey released in 2023, Allen, TX has a population of 73,300, which has increased by 3.8% over the past 5 years. Allen, TX is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 73,300 | 3.8% |
% Under 18 | 25.6% | -10.8% |
% Seniors | 11.6% | 31.8% |
% WFH | 24.5% | 214.1% |
% w/ College Degree | 52.0% | 10.4% |
As of the latest ACS Survey released in 2023, Allen, TX is a predominantly white area, with 56.3% of the population identifying as white. The white population has shrunk by 12.2% in the last 5 years. The second most common race or ethnicity in Allen, TX is black, making up 12.8% of the population. Foreign-born residents account for 16.7% of the population in Allen, TX, and this percentage has increased by 7.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.3% | -12.2% |
% Black | 12.8% | 24.3% |
% Hispanic | 12.3% | -9.6% |
% Asian | 11.3% | 18.9% |
% Foreign Born | 16.7% | 7.1% |
Mortgage and Risk — Allen, TX
According to HUD data as of 2023, there were 747 mortgage originations in Allen, TX, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Allen, TX. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 747 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Allen, TX
As of 2024, the percent of homes in Allen, TX under the Section 8 program is 4.2%. 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. In Allen, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 190 |
Total Units Section 8 | 190 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $760 | $1,320 | $2,080 |
| 2 Bedroom | $790 | $1,650 | $2,440 |
| 3 Bedroom | $730 | $2,330 | $3,060 |
| 4 Bedroom | $1,230 | $2,700 | $3,930 |
Affordability — Allen, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $462,000 |
| Median Household Income | $129,000 |