Home Values

Allegan Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$113,700

  • 9.1% 1-year change
  • None 1-year forecast

The median home value in Allegan is $113,700. Allegan home values have gone up 9.1% over the past year. The median list price per square foot in Allegan is $84, which is lower than the Allegan Metro average of $119. The median price of homes currently listed in Allegan is $129,900 while the median price of homes that sold is $117,465. The median rent price in Allegan is $515, which is lower than the Allegan Metro median of $650.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Allegan is 2.1%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Allegan homeowners underwater on their mortgage is 18.2%.

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Relative ZHVI
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Allegan Market Overview

Data through Feb 28, 2015
  • $113,700 ZHVI
  • No data 1-yr forecast
  • $129,900 Median listing price
  • No recent data Median sale price
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Allegan Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 18.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 2.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Hamilton $158,300
Dorr $141,800
Hopkins $122,800
Name Median ZHVI
Grand Junction $105,500
Gobles $105,000
Otsego $95,200
Name Median ZHVI
Bloomingdale $89,300
Plainwell $89,100
Pullman $66,300

Listings & Sales

Data through Feb 28, 2015
  • $84 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 16.7% Listings with price cut
36.4%
Sold below listing
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Allegan Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $967 Allegan
    $1,057 Allegan Metro
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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