Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$346,459+4.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$75,105About 0.9× the local median income ($85,080): affordable for a typical household
Days on market50 daysAbout the same pace as a year ago
The typical home in Allegan County, MI is worth $346,459, up 4.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $293,540, so the area is 18.0% overvalued. It is a balanced market: homes take about 50 days to sell, listings are up 22% from a year ago, 20% of listings have had a price cut. A household needs about $75,105 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 $85,080. Typical rent is $1,659 a month. In the latest IRS figures, 663 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
$346,459
Change in 1 year
+4.1%
Overvalued %
+18.0%
Show 6 more
Fair home value
$293,540
Change in 5 years
+29.5%
Home value to income
4.1×
Monthly mortgage payment (20% down)
$1,878
Income needed to afford it
$75,105
Property tax rate
1.08%
Rent and investing
Typical rent
$1,659
Price-to-rent ratio
17.4×
HUD Fair Market Rent, 2 bedrooms
$1,296
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Gross rental yield
5.75%
Cap rate (estimate)
3.74%
Market activity
Listings vs a year ago
+21.6%
Days on market
50
Listings with a price cut
20.5%
Show 3 more
Homes for sale
332
Pending sales per 100 listings
45
Asking price per sq ft
$243
People and jobs
Median household income
$85,080
Population change (1 year)
+0.5%
Unemployment rate
3.0%
Show 4 more
Population
123,188
Income adjusted for cost of living
$95,596
Net moves in (IRS)
+663
Cost of living (US = 100)
89.0
Schools, risk and environment
School rating (1 to 10)
6.9
FEMA hazard risk score (0 to 100)
68.5
Unhealthy air days a year
14
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Flood risk score
79.4
Wildfire risk score
32.6
Walkability (1 to 20)
5.5
Road, rail and air noise
54 dB
Questions people ask
Is Allegan County, MI overvalued?
Home prices in Allegan County, MI are well above what local incomes have historically supported: fair value is about $293,540, so the area is 18.0% overvalued.
Is Allegan County, MI a buyer's or seller's market?
Allegan County, MI is a balanced market: homes take about 50 days to sell, listings are up 22% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Allegan County, MI?
Home values in Allegan County, MI are up 4.1% over the last year.
How much do you need to earn to buy a home in Allegan County, MI?
A household needs about $75,105 a year to afford the typical home in Allegan County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $85,080.