The housing market in Allen, TX is very strong. The median value of homes in the area is $496,700 which is significantly higher than the US national median of $338,100 and the one year house appreciation rate in Allen is 15.66%, nearly double the US rate of 8.27%. This shows that the real estate market in Allen has grown much faster than other parts of the country, indicating a healthy and vibrant housing economy.
The median home cost in Allen is $496,700. Home appreciation the last 10 years has been 159.8%. Home Appreciation in Allen is up 23.4%.
Average Age of Homes
- The median age of Allen real estate is 17 years old
The Rental Market in Allen
- Renters make up 22.5% of the Allen population
- 1.1% of houses and apartments in Allen, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.