Allen, Texas, continues to be a focal point in the Dallas-Fort Worth metroplex, offering a dynamic real estate market characterized by steady growth and new developments. This article provides an overview of the current housing market trends, rental insights, and upcoming projects shaping Allen’s residential landscape.
Housing Market Trends
As of early 2026, Allen’s housing market exhibits balanced conditions. The median sale price for homes stands at approximately $533,000, reflecting a modest year-over-year increase of 2.1%. Homes are spending an average of 62 days on the market, indicating a slight extension in selling times compared to previous years. The sale-to-list price ratio is around 98.3%, suggesting that homes are selling close to their asking prices. These metrics point to a market that offers opportunities for both buyers and sellers, with a slight edge towards buyers due to increased inventory and longer market times. Source
Rental Market Insights
The rental market in Allen has experienced adjustments, with the median rental price near $1,600 per month. This represents an 8.44% decrease compared to the previous year, potentially improving affordability for renters. The availability of rental properties has also increased, providing tenants with a broader selection and possibly influencing landlords to offer competitive terms. Source
New Developments
Allen is witnessing significant residential development aimed at accommodating its growing population. Notably, High Street Residential has initiated construction on two major projects: the Crestview Apartments and Crestview Townhomes. Located at the southeast corner of Custer Road and State Highway 121, these developments will add 434 apartment units and 102 townhomes to the housing inventory. Completion is anticipated by the first quarter of 2027, offering modern living options to prospective residents. Source
In summary, Allen’s real estate market is characterized by steady home prices, a more favorable rental environment for tenants, and ongoing developments that promise to enhance the community’s residential offerings. These factors collectively contribute to Allen’s appeal as a desirable place to live within the DFW area.