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Allenwood

Learn about the people, housing, costs and businesses in Allenwood, New Jersey

Median Home$807,500
Median Rent$3,083/month
Population916
Leading IndustriesHealthcare · Arts, Food & Hospitality · Manufacturing22% healthcare
Home Value Growth⬆⬆⬆+34.2% over 2 years
Retirees28% of residentswell above average
Homeowners98% of occupied units
NotableHigh Incomes$213k/year · top 1% nationally
NotableHighly Educated38% bachelor's · 19% graduate · top 2% nationally
Allenwood
NJ

Frequently Asked Questions

What are today's mortgage rates in Allenwood?

As of today, the 30-year fixed mortgage rate for Allenwood is approximately 6.778% (6.810% 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 Allenwood?

The median home value in Allenwood is $808k. The median monthly rent is $3,083. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Allenwood?

Home values in Allenwood have increased 34.2% 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 Allenwood?

Based on a typical all-in ownership cost of $2,942/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $126k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Allenwood is $213k/year.

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What industries drive the economy in Allenwood?

The largest employment sectors in Allenwood are healthcare (22%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.