Located between Plano and Fairview, Allen has a population of just under 90,000 residents of all ages – mostly families with kids. Anyone who is considering purchasing a piece of Allen real estate will be pleased to know that, although it can be a little on the costly side, it will be an excellent form of long term investment for their families.
The cost of Allen real estate is a little higher than that of other parts of the country, averaging between $200,000 and $450,000 to purchase outright. Rental prices can vary between $900 and $2,300 for 1 bedroom to 4 bedroom (or more) properties. However, when taking into consideration that overall crime rates here are extremely low and the school system is nothing short of excellent, it makes a lot of sense for families of all ages and sizes to relocate here. This is also a pet lover’s community, with more than 70% of properties being considered as pet friendly.
As with many other areas in Texas, the overall unemployment rate in Allen is at a low 3.2%. However, anyone who is considering purchasing Allen real estate should be aware that the average cost of living in this town is relatively high at around $88,000 per year. Wages in this area are also a fair bit higher than some other parts of Texas, averaging at more than $120,000 per person per year. Many schools in the area have some of the highest satisfaction ratings in the Texas region, making them excellent choices.
A wide range of available amenities means that residents will not normally have to travel too far to run regular errands. There are many different options for anyone who is considering purchasing Allen real estate either as an investment or as a place to call home.
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