Allendale, MI 49401 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Allendale, MI—49401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$388,000

3.8% YoY Growth

Household Income

$73,000

65.0% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

3.1%

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 — Allendale, MI

As of Dec '25, the median home price in Allendale, MI is $388,000, with a year-over-year change of 3.8%. This indicates that home prices in Allendale, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$388,000	3.8%
Single Family	$392,000	3.4%
Condos	$357,000	2.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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.

Type	Median Rent	Average Rent
Average Rent	$1,750	$1,780
Studio Rent	N/A	N/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 Dec '25, Realtor.com reports that the median days on market for a home in Allendale, MI is 52. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$475,000	6.0%
Listing Count	55	-15.0%
Listings as % of Homes	0.4%	-15.0%
Days on Market	69	0.0%

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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.

Metric	Latest Census	YoY % Change
Population	28,900	19.1%
% 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

Metric	Latest Census	5-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

Metric	Zip 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 Size	HUD Premium	Market Rent	Max 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

Allendale, MI—49401

Key Metrics at a Glance

Home Price Trends — Allendale, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Allendale, MI

% of Rental Stock

Property Listings — Allendale, MI

Demographics — Allendale, MI

Race and Ethnicity

Mortgage and Risk — Allendale, MI

Mortgages

Rentals and Section 8 — Allendale, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Allendale, MI

Home Price to Income Ratio

Allendale, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Coopersville, MI

Marne, MI

Hudsonville, MI

Jenison, MI

Zeeland, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.9
Median Home Price	$388,000
Median Household Income	$73,000

Allendale, MI—49401

Key Metrics at a Glance

Home Price Trends — Allendale, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Allendale, MI

% of Rental Stock

Property Listings — Allendale, MI

Demographics — Allendale, MI

Race and Ethnicity

Mortgage and Risk — Allendale, MI

Mortgages

Rentals and Section 8 — Allendale, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Allendale, MI

Home Price to Income Ratio

Allendale, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Coopersville, MI

Marne, MI

Hudsonville, MI

Jenison, MI

Zeeland, MI

Frequently Asked Questions

What is the average home price in Allendale, MI 49401?

How have home prices in Allendale, MI 49401 changed over the past year?

What is the home price projection for Allendale, MI 49401?

What are the demographics of Allendale, MI 49401?

How long does it take homes to sell in Allendale, MI 49401?

What is the average rent price in Allendale, MI 49401?