Allendale, Michigan

Allendale, Michigan is a picturesque census-designated place (CDP) located in Ottawa County, nestled in the northern part of Allendale Charter Township. The area is known for its vibrant community and proximity to Grand Valley State University, which significantly contributes to its youthful demographic. As of the 2020 census, Allendale boasted a population of approximately 27,073 residents, with a notably low median age of around 21.4 years. This youthful population creates a dynamic atmosphere that is both engaging and energetic. The presence of the university also influences various aspects of life in Allendale, including its economy, culture, and social activities.

In terms of economic indicators, Allendale has shown a promising upward trend in household income. As of 2023, the median household income in the area reached approximately $68,449, reflecting an increase over previous years. However, it is important to note that the community experiences a relatively high poverty rate of around 30-31%. This statistic is largely attributed to the student population, who may be balancing education with financial challenges. Understanding the economic landscape of Allendale is essential for potential residents and investors alike.

The real estate market in Allendale is characterized by its competitiveness, with a typical home value ranging from $393,000 to $400,000, which has seen a rise of about 4-5% in the past year. Recent data indicates that median sale prices hover around $440,000, while median listing prices are similar, making it essential for buyers to act quickly. Homes in Allendale tend to sell within 15-20 days once listed, highlighting the demand for housing in this vibrant community. The market also showcases a variety of neighborhoods, each with distinct value ranges, allowing potential homeowners to find options that suit their preferences and budgets.