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Allen

Learn about the people, housing, costs and businesses in Allen, Kentucky

Median Home$68,600
Median Rent$296/month
Population171
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration24% information & media
Home Value Growth⬆⬆+19.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners70% of occupied units
NotableAffordable Market$69k median home · lower cost than 99% of the country
Allen
KY

Frequently Asked Questions

What are today's mortgage rates in Allen?

As of today, the 30-year fixed mortgage rate for Allen is approximately 6.958% (6.999% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Allen?

The median home value in Allen is $69k. The median monthly rent is $296. Annual property taxes average $589. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Allen?

Home values in Allen have increased 19.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Allen?

Based on a typical all-in ownership cost of $438/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $19k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allen is $39k/year.

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What industries drive the economy in Allen?

The largest employment sectors in Allen are public administration (30%) and information and media (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.