Allen Park Home Prices & Values

$94,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 15.2% 1-year change
  • 5.4% 1-year forecast

The median home value in Allen Park is $94,800. Allen Park home values have gone up 15.2% over the past year and Zillow predicts they will rise 5.4% within the next year. The median list price per square foot in Allen Park is $90, which is lower than the Detroit Metro average of $103. The median price of homes currently listed in Allen Park is $100,000 while the median price of homes that sold is $101,072.

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 Allen Park is 2.0%, which is lower than the national value of 7.2%. 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 Allen Park homeowners underwater on their mortgage is 38.9%, which is higher than Detroit Metro at 26.5%.

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Relative ZHVI
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Allen Park Market Overview

Data through Jun 30, 2014
  • $94,800 ZHVI
  • 5.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $100,000 Median listing price
  • $101,072 Median sale price (May 31, 2014)
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Allen Park Market Health

Data through Jun 30, 2014
  • 7.1/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 38.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 2.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Riverview $132,800 Dearborn $101,200 Southgate $81,800
Wyandotte $81,100 Dearborn Heights $80,300 Taylor $64,400
Lincoln Park $53,200 Ecorse $44,500 Melvindale $42,900

Listings & Sales

Data through Jun 30, 2014
  • $90 Median list price / sq ft
  • $86 Median sale price / sq ft (May 31, 2014)
  • 35.3% Listings with price cut
14.7%
Sold below listing
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Allen Park Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,003 Allen Park
$1,059 Detroit Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.98 Rent list price / sq ft
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