Property Prices in Allegan, MI, United States

Index Info
Price to Income Ratio: 1.91
Mortgage as Percentage of Income: 13.30%
Loan Affordability Index: 7.52
Price to Rent Ratio - City Centre: 8.02
Price to Rent Ratio - Outside of Centre: 8.39
Gross Rental Yield (City Centre): 12.48%
Gross Rental Yield (Outside of Centre): 11.92%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 850.00 $
Apartment (1 bedroom) Outside of Centre 800.00 $ 750.00-850.00
Apartment (3 bedrooms) in City Centre 1,700.00 $
Apartment (3 bedrooms) Outside of Centre 1,650.00 $
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 145.00 $
Price per Square Feet to Buy Apartment Outside of Centre 145.00 $
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,083.33 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.50

These data are based on 9 entries in the past 18 months from 2 different contributors.
Last update: January 2020

Sources and References
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