Allegan, MI housing market
Homes typically sell in 17 days, close to asking.
Home values, sales, trends and how Allegan compares with the towns next door — updated as new data is published.
Allegan at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 59% in 5 years
The federal house price index for the ZIP code around Allegan rose 59% over the past 5 years, faster than across Michigan (52%). Last year prices rose 5.4%. Carrying the Census median home value forward with that index puts the typical Allegan home at roughly $307,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +5.4% | +133% | +97% |
| 2024 | +8.1% | +121% | +88% |
| 2023 | +11% | +105% | +76% |
| 2022 | +10% | +85% | +64% |
| 2021 | +14% | +68% | +45% |
| 2020 | +2.9% | +47% | +30% |
| 2019 | +6.5% | +43% | +26% |
| 2018 | +7.6% | +34% | +20% |
| 2017 | +10% | +25% | +12% |
| 2016 | +5.4% | +13% | +5.3% |
| 2015 | +8.2% | +7.2% | 0% |
| 2014 | +8.6% | −1% | −4.7% |
| 2013 | +0.1% | −8.8% | −12% |
| 2012 | −3.4% | −8.9% | −16% |
| 2011 | −1.1% | −5.7% | −16% |
| 2010 | −11% | −4.7% | −12% |
| 2009 | −5.5% | +6.7% | −5% |
| 2008 | −1.7% | +13% | +3.5% |
| 2007 | −2.8% | +15% | +11% |
| 2006 | +1.1% | +18% | +16% |
| 2005 | +3.3% | +17% | +18% |
| 2004 | +4.6% | +13% | +14% |
| 2003 | +0.9% | +8.1% | +10% |
| 2002 | +4.2% | +7.2% | +8.3% |
| 2001 | +2.8% | +2.8% | +5% |
| 2000 | — | — | — |
How Allegan ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 49010, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
42 new homes permitted in 2025
Builders were permitted 42 new homes in Allegan in 2025, all single-family houses, worth about $12 million to build. That's 8.1 per 1,000 residents, faster than across Michigan (2.3). Over the past 10 years, Allegan has permitted 73 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Allegan gained 224 residents while 32 new homes were permitted: about 7 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 21 | 21 | 0 | $6 million |
| 2025 | 42 | 42 | 0 | $12 million |
| 2024 | 3 | 3 | 0 | $449,000 |
| 2023 | 7 | 7 | 0 | $1.9 million |
| 2022 | 9 | 9 | 0 | $2.5 million |
| 2021 | 2 | 2 | 0 | $272,000 |
| 2020 | 2 | 2 | 0 | $272,000 |
| 2019 | 2 | 2 | 0 | $272,000 |
| 2018 | 6 | 6 | 0 | $915,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $28,000 |
| 2013 | 1 | 1 | 0 | $190,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 21 | 1 | 20 | $1.9 million |
| 2010 | 1 | 1 | 0 | $95,000 |
| 2009 | 1 | 1 | 0 | $143,000 |
| 2008 | 2 | 2 | 0 | $470,000 |
| 2007 | 2 | 2 | 0 | $260,000 |
| 2006 | 6 | 6 | 0 | $580,000 |
| 2005 | 7 | 7 | 0 | $677,000 |
| 2004 | 33 | 9 | 24 | $1.6 million |
| 2003 | 64 | 10 | 54 | $2.8 million |
| 2002 | 21 | 0 | 21 | $769,000 |
| 2001 | 23 | 2 | 21 | $1.2 million |
| 2000 | 32 | 2 | 30 | $1.1 million |
How Allegan ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.3 years of income
The typical Allegan home costs about 3.3 years of the town's median household income, less than across Michigan (3.7 years).
How Allegan ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,210
HUD's Fair Market Rent for a two-bedroom in Allegan is $1,210 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Allegan pay a median of $1,115. A two-bedroom takes about 27% of the town's median household income.
Studio $920 · 4 bedrooms $1,680
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49010; Allegan County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Allegan
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.