Allen Park, MI 48101 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Allen Park, MI—48101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$202,000

4.8% YoY Growth

Household Income

$80,000

15.8% YoY Growth

Days on Market

43.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,140

8.8% YoY Growth

1-Bed Rent

$1,040

5.5% YoY Growth

2-Bed Rent

$1,140

1.8% YoY Growth

3-Bed Rent

$1,550

12.0% YoY Growth

Home Price Trends — Allen Park, MI

As of Nov '25, the median home price in Allen Park, MI is $202,000, with a year-over-year change of 4.8%. This indicates that home prices in Allen Park, MI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$202,000	4.8%
Single Family	$204,000	5.2%
Condos	$79,000	1.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Allen Park, MI

As of July '25, Rentcast reports the average rent in Allen Park, MI is $1,240, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Allen Park, MI is 1-bedrooms: $1,040, 2-bedrooms: $1,120, 3-bedrooms: $1,620. The most common rental property sizes in Allen Park, MI are 2-bedroom and 3-bedroom, accounting for 38.6% and 35.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,140	$1,240
Studio Rent	N/A	N/A
1 Bed Rent	$1,040	$1,040
2 Bed Rent	$1,140	$1,120
3 Bed Rent	$1,550	$1,620
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.8%

1 Bedroom

18.9%

2 Bedrooms

38.6%

3 Bedrooms

35.2%

4 Bedrooms

3.6%

5+ Bedrooms

0.9%

Property Listings — Allen Park, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Allen Park, MI is 42. This is a increase of 43.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$230,000	4.0%
Listing Count	87	25.0%
Listings as % of Homes	0.2%	25.0%
Days on Market	42	43.0%

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Demographics — Allen Park, MI

As of the latest ACS Survey released in 2023, Allen Park, MI has a population of 28,100, which has increased by 2.8% over the past 5 years. Allen Park, MI is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,100	2.8%
% Under 18	20.1%	0.5%
% Seniors	18.3%	11.6%
% WFH	9.9%	350.0%
% w/ College Degree	29.9%	23.0%

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As of the latest ACS Survey released in 2023, Allen Park, MI is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Allen Park, MI is hispanic, making up 12.6% of the population. Foreign-born residents account for 5.1% of the population in Allen Park, MI, and this percentage has increased by 27.5% 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	77.2%	-8.6%
% Black	4.7%	104.3%
% Hispanic	12.6%	22.3%
% Asian	1.5%	150.0%
% Foreign Born	5.1%	27.5%

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Mortgage and Risk — Allen Park, MI

According to HUD data as of 2023, there were 593 mortgage originations in Allen Park, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Allen Park, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	593
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Allen Park, MI

Allen Park, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	85
Total Units Section 8	24
% Rentals under Section 8	1.6%
% Occupied Section 8	78.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$50	$1,040	$1,090
2 Bedroom	$240	$1,140	$1,380
3 Bedroom	$140	$1,550	$1,690
4 Bedroom	N/A	N/A	$1,830

Allen Park, MI—48101

Key Metrics at a Glance

Home Price Trends — Allen Park, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Allen Park, MI

% of Rental Stock

Property Listings — Allen Park, MI

Demographics — Allen Park, MI

Race and Ethnicity

Mortgage and Risk — Allen Park, MI

Mortgages

Rentals and Section 8 — Allen Park, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Allen Park, MI

Home Price to Income Ratio

Allen Park, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lincoln Park, MI

Melvindale, MI

Dearborn, MI

Southgate, MI

Dearborn Heights, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$202,000
Median Household Income	$80,000

Allen Park, MI—48101

Key Metrics at a Glance

Home Price Trends — Allen Park, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Allen Park, MI

% of Rental Stock

Property Listings — Allen Park, MI

Demographics — Allen Park, MI

Race and Ethnicity

Mortgage and Risk — Allen Park, MI

Mortgages

Rentals and Section 8 — Allen Park, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Allen Park, MI

Home Price to Income Ratio

Allen Park, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lincoln Park, MI

Melvindale, MI

Dearborn, MI

Southgate, MI

Dearborn Heights, MI

Frequently Asked Questions

What is the average home price in Allen Park, MI 48101?

How have home prices in Allen Park, MI 48101 changed over the past year?

What is the home price projection for Allen Park, MI 48101?

What are the demographics of Allen Park, MI 48101?

How long does it take homes to sell in Allen Park, MI 48101?

What is the average rent price in Allen Park, MI 48101?