Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$254,595+3.5% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 25% have cut their price
Income needed to buy, per year$55,191About 0.8× the local median income ($70,889): affordable for a typical household
Days on market43 daysFaster than a year ago: sellers have the edge
Next 12 months+3.8%Zillow expects prices to rise slightly
The typical home in Allen County, IN is worth $254,595, up 3.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $200,398, so the area is 27.0% overvalued. It is a balanced market, leaning toward sellers: homes take about 43 days to sell, listings are down 13% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 3.8% over the next year. A household needs about $55,191 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,889. Typical rent is $1,265 a month, or $1,549 for a house. In the latest IRS figures, 330 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$254,595
Change in 1 year
+3.5%
Overvalued %
+27.0%
Show 7 more
Fair home value
$200,398
Change in 5 years
+34.0%
Zillow forecast, next 12 months
+3.8%
Home value to income
3.6×
Monthly mortgage payment (20% down)
$1,380
Income needed to afford it
$55,191
Property tax rate
0.79%
Rent and investing
Typical rent
$1,265
Typical rent for houses
$1,549
Price-to-rent ratio
16.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,248
Gross rental yield
5.96%
Cap rate (estimate)
3.87%
Market activity
Listings vs a year ago
−13.3%
Days on market
43
Listings with a price cut
24.9%
Show 3 more
Homes for sale
898
Pending sales per 100 listings
62
Asking price per sq ft
$162
People and jobs
Median household income
$70,889
Population change (1 year)
+0.8%
Unemployment rate
4.7%
Show 4 more
Population
402,329
Income adjusted for cost of living
$76,554
Net moves in (IRS)
+330
Cost of living (US = 100)
92.6
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
90.8
Unhealthy air days a year
3
Show 4 more
Flood risk score
93.5
Wildfire risk score
39.1
Walkability (1 to 20)
9.5
Road, rail and air noise
53 dB
Questions people ask
Is Allen County, IN overvalued?
Home prices in Allen County, IN are well above what local incomes have historically supported: fair value is about $200,398, so the area is 27.0% overvalued.
Is Allen County, IN a buyer's or seller's market?
Allen County, IN is a balanced market, leaning toward sellers: homes take about 43 days to sell, listings are down 13% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Allen County, IN?
Home values in Allen County, IN are up 3.5% over the last year. Zillow's forecast for the next 12 months is +3.8%.
How much do you need to earn to buy a home in Allen County, IN?
A household needs about $55,191 a year to afford the typical home in Allen County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $70,889.