Allenton, MI 48002 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Allenton, MI—48002

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$335,000

4.2% YoY Growth

Household Income

$91,900

31.9% YoY Growth

Days on Market

1.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Allenton, MI

As of Nov '25, the median home price in Allenton, MI is $335,000, 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 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$335,000	4.2%
Single Family	$335,000	4.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

2 Bedrooms

34.3%

3 Bedrooms

45.7%

4 Bedrooms

20.0%

Property Listings — Allenton, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Allenton, MI is 27. This is a increase 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$650,000	61.0%
Listing Count	7	-46.0%
Listings as % of Homes	0.4%	-46.0%
Days on Market	27	1.0%

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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%

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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%

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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%

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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

Allenton, MI—48002

Key Metrics at a Glance

Home Price Trends — Allenton, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Allenton, MI

% of Rental Stock

Property Listings — Allenton, MI

Demographics — Allenton, MI

Race and Ethnicity

Mortgage and Risk — Allenton, MI

Mortgages

Rentals and Section 8 — Allenton, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Allenton, MI

Home Price to Income Ratio

Allenton, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Capac, MI

Armada, MI

Almont, MI

Memphis, MI

Emmett, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$335,000
Median Household Income	$91,900

Allenton, MI—48002

Key Metrics at a Glance

Home Price Trends — Allenton, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Allenton, MI

% of Rental Stock

Property Listings — Allenton, MI

Demographics — Allenton, MI

Race and Ethnicity

Mortgage and Risk — Allenton, MI

Mortgages

Rentals and Section 8 — Allenton, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Allenton, MI

Home Price to Income Ratio

Allenton, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Capac, MI

Armada, MI

Almont, MI

Memphis, MI

Emmett, MI

Frequently Asked Questions

What is the average home price in Allenton, MI 48002?

How have home prices in Allenton, MI 48002 changed over the past year?

What is the home price projection for Allenton, MI 48002?

What are the demographics of Allenton, MI 48002?

How long does it take homes to sell in Allenton, MI 48002?

What is the average rent price in Allenton, MI 48002?