Allen took its small-town family feel and supersized it. For instance, it’s still a one high school town, but with the largest high school enrollment in Texas at 6,000 students. Its football stadium rivals professional operations with seating capacity for 18,000. The Eagles were football state champions in 2014 and three years prior. A good 20 percent of the city’s population comes out each week to root for the home team. But the entertainment isn’t all about Friday night lights. Allen Event Center puts on major concerts, national shows, and hockey games. The Edge is the state’s largest outdoor skate park. Hydrous Wake Park keeps the kids cool, as does KidMania, one of the largest handicap-accessible playgrounds and spray grounds in Texas. Watters Creek offers fun times and shopping all in one.
The workforce in Allen consists of white-collar and blue-collar jobs, the top 5 consisting of Retail (12.4), Professional, Scientific, and Technical Services (11.1%), Manufacturing (10.8%), Healthcare (10.4%) , and Education (10.4%).
Allen is a very diverse city within the Southern Region of the United States. The most prevalent ethnic group is Caucasian (62.4%) followed by Asian (14.1%) and Hispanic or Latino (of any race) (10.6%). Almost 18.3% of Allen's residents are from other cities, states, and countries.
The per capita income of Allen is $40,563 which is significantly higher than the national per capita income of $29,829. Additionally, the Median Household Income is $102,215 which is about 55% higher than the national Median Household Income of $55,322.
In October, the median housing price was $345,890. The DOM (Days on Market) was 49, the months of housing supply was 3.1, the total number of active listings was 322 and total number of sales was 107. In October 2017, the median list price was $293,500, the months of housing supply was 2.2, the total number of active listings 258, and the total number of sales was 120. Although it is still very much a sellers market, the Allen housing market has experienced the greatest decline in sales. Still, there are great opportunities for both buyers and sellers with the right Realtor working with you!
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(Data Source: Neighborhood Scout, Real Estate Center at Texas A&M and NTREIS)