Allen, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Allen Neighborhoods Since 2000




Allen, TX 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

Allen Housing Market Information

With a population of 98,143, 30,015 total housing units (homes and apartments), and a median house value of $361,620, Allen house prices are not only among the most expensive in Texas, Allen real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Allen, accounting for 82.75% of the city's housing units. Other types of housing that are prevalent in Allen include large apartment complexes or high rise apartments ( 12.62%), row houses and other attached homes ( 2.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.85%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Allen. Owner-occupied housing accounts for 76.34% of Allen's homes, and 73.66% have either three or four bedrooms, which is average sized relative to America.

Allen homes and real estate are some of the newest in America. 48.57% of Allen's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Allen real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 48.26%), and between 1940-1969 ( 2.77%).

Allen Home Appreciation Rates

In the last 10 years, Allen has experienced some of the highest home appreciation rates of any community in the nation. Allen real estate appreciated 45.50% over the last ten years, which is an average annual home appreciation rate of 3.82%, putting Allen in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Allen definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Allen that despite a nationwide downturn in the housing market, Allen real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Allen appreciation rates continue to be some of the highest in America, at 10.41%, which is higher than appreciation rates in 94.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Allen. Allen appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

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

Relative to Texas, our data show that Allen's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Allen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Allen - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Allen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$361,620

Allen, TX HOME PRICES

Value Range
> $1,370,000 0.9
$1,027,001 - $1,370,000 0.8
$685,001 - $1,027,000 4.5
$548,001 - $685,000 7.2
$411,001 - $548,000 14.7
$274,001 - $411,000 28.9
$137,001 - $274,000 37.3
$68,001 - $137,000 4.6
$0 - $68,000 1.2

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
11.3852103597797 4.47470817120623

Number Of Homes And Apartments:
30,015

Allen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
67.66% 3.04% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,791 / per month

Homeownership Rate

Homeownership
Owners 76.34
Renters 23.66
Vacant 1.91

Housing Market Details

 

Age of Homes

AGE OF Allen HOMES
2000 or Newer 48.6
1970 - 1999 48.3
1940 - 1969 2.8
1939 or Older 0.4

Types of Homes

TYPE OF Allen HOMES
Single-Family 82.8
Townhomes 2.5
Small Apt. Buildings 1.9
Apt. Complexes 12.6
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Allen HOMES
No Bedroom 0.46
1 Bedroom 4.96
2 Bedrooms 10.66
3 Bedrooms 34.16
4 Bedrooms 39.51
5 or more bedrooms 10.26