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Allen

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

Median Home$464,633
Median Rent$2,191/month
Population110,140
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services15% arts, food & hospitality
Home Value Growth+8.4% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners70% of occupied units
NotableHighly Educated33% bachelor's · 17% graduate · top 5% nationally
NotableHigh Incomes$132k/year · top 6% nationally
Allen
TX

Frequently Asked Questions

What are today's mortgage rates in Allen?

As of today, the 30-year fixed mortgage rate for Allen is approximately 6.846% (6.880% 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 $465k. The median monthly rent is $2,191. Annual property taxes average $8k. 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 8.4% over the past two years. This represents moderate growth. 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 $2,223/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $95k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allen is $132k/year.

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What industries drive the economy in Allen?

The largest employment sectors in Allen are healthcare (18%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.