Allendale, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Allendale Neighborhoods Since 2000




Allendale, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Allendale Housing Market Information

With 18,383 people, 4,852 houses or apartments, and a median cost of homes of $204,528, Allendale real estate is some of the most expensive in Michigan, although Allendale home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Allendale, accounting for 50.48% of the town's housing units. Other types of housing that are prevalent in Allendale include large apartment complexes or high rise apartments ( 25.35%), row houses and other attached homes ( 8.87%), and a few mobile homes or trailers ( 8.68%).

The most prevalent building size and type in Allendale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 45.57% owning and 54.43% renting.

There is a lot of housing in Allendale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Allendale built between 2000 and later ( 36.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.02%). There's also some housing in Allendale built before 1939 ( 3.38%).

Allendale Home Appreciation Rates

Appreciation rates for homes in Allendale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.68%, which ranks in the top 40% nationwide. This equates to an annual average Allendale house appreciation rate of 0.84%.

Appreciation rates are so strong in Allendale that despite a nationwide downturn in the housing market, Allendale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Allendale appreciation rates continue to be some of the highest in America, at 10.05%, which is higher than appreciation rates in 94.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Allendale. Allendale appreciation rates in the latest quarter were at 3.68%, which equates to an annual appreciation rate of 15.57%.

Importantly, this makes Allendale one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Michigan, our data show that Allendale's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$204,528

Allendale, MI HOME PRICES

Value Range
> $1,253,000 0.1
$939,001 - $1,253,000 0.4
$626,001 - $939,000 1.3
$501,001 - $626,000 0.8
$376,001 - $501,000 5.2
$251,001 - $376,000 17.0
$125,001 - $251,000 65.1
$62,001 - $125,000 7.0
$0 - $62,000 3.1

Very High for MI
High for Nation

Value Relative to Nation Value Relative to State
31.2023907183874 14.9038461538462

Number Of Homes And Apartments:
4,852

Allendale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.82% 1.15% 8 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,091 / per month

Homeownership Rate

Homeownership
Owners 45.57
Renters 54.43
Vacant 7.79

Housing Market Details

 

Age of Homes

AGE OF Allendale HOMES
2000 or Newer 36.7
1970 - 1999 49.9
1940 - 1969 10.0
1939 or Older 3.4

Types of Homes

TYPE OF Allendale HOMES
Single-Family 50.5
Townhomes 8.9
Small Apt. Buildings 6.6
Apt. Complexes 25.4
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Allendale HOMES
No Bedroom 0.82
1 Bedroom 3.17
2 Bedrooms 26.53
3 Bedrooms 30.96
4 Bedrooms 34.17
5 or more bedrooms 4.35