Quick facts: Allen, MI

Quick Facts

94.9
Cost of Living
below US average
221
Population
45.25
Crime Rate per 1000
above US average
$52,083
Median Income
below US average
$299,900
Median House Price
above US average
$1435
Average Rent
above US average
9%
Poverty Rate
below US average
4.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,083.

🏠

Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $52,083
🏒

Income Needed to Rent

⚠ Stretch
$61k/year
Based on $1435/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $61k vs median $52,083
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Allen, MI

Allen, Michigan, is a small village located in the southern part of the state, primarily within Branch County. With a population of just a few hundred residents, it embodies the charm of small-town America. The village is situated along the banks of the scenic Coldwater River, which adds to its picturesque landscape and outdoor recreational opportunities. The community is characterized by its friendly atmosphere and a close-knit environment where residents often know each other. Allen offers various local amenities, including quaint shops, eateries, and recreational facilities. The surrounding areas provide ample opportunities for outdoor activities like fishing, hiking, and camping, particularly in the nearby state parks and nature reserves. Allen hosts annual events that foster community spirit, drawing visitors from neighboring towns. The village's rural setting allows for a serene lifestyle, making it appealing for those seeking a peaceful retreat from the hustle and bustle of larger cities. With its rich history and community-oriented dynamics, Allen, MI, showcases the beauty and simplicity of small-town life in the Midwest.

πŸ” Search & Compare Places

First Location πŸ“