What's Actually Being Built in Allen Right Now? Over 1,200 new apartment units are either open, under construction, or breaking ground in Allen right now — and if you own single-family property in Collin County, you need to pay attention. Hartwood at Sloan Corners just opened with 479 units at 827 Waverly Drive and already kicked off Phase 2 construction in February. Trammell Crow's Crestview Apartments at 2050 Peak Street is bringing 434 more units online by Q3 of this year. And Alta Preserve at The Farm on Blue Tractor Lane broke ground in March with 311 units coming in Q2 2027. Three projects. Three major developers. All landing in the same city at the same time. That doesn't happen by accident — it happens because the demand numbers told them to build.
Does All This Apartment Supply Hurt Single-Family Investors? No — and if you think it does, you're reading it backwards. Institutional developers don't drop 1,200 apartments into a market because they think things are slowing down. They build because the population growth, job base, and income levels in that city support it. Look at the amenity packages on these projects — resort pools, golf simulators, pickleball courts, dog washes. That's not workforce housing. That's targeting a renter who makes good money and has options. That same person, a few years down the road, is your buyer. Apartments are where people land when they first move to an area. Single-family is where they end up when they put down roots. Multifamily growth in Allen isn't competition — it's a waiting room full of your future buyers.
What Does This Mean for Single-Family Home Values in Allen? Allen is already one of the tightest markets in Collin County, and adding rental supply doesn't automatically pull home values down — not when the root cause is population growth, not speculation. What it does do is put some short-term pressure on rents near each project. If you're running a single-family rental within a mile of Sloan Corners or The Farm, expect your tenants to get courted by brand-new Class A units with resort amenities in 2026 and 2027. That's real. A tired 3/2 charging top-of-market rent is going to feel that. Either price it right or put some money into it — because Trammell Crow isn't going to do you any favors.
Where's the Real Opportunity for Single-Family Investors? It's in the neighborhoods sitting right next to where all this is going up. Developers don't pick locations randomly — they follow the infrastructure, the retail corridors, and the employment density. Sloan Corners, Peak Street, The Farm — those aren't random pins on a map. For single-family investors, the move is to get into the surrounding streets before everything around them gets built out and prices adjust. Buy the house that needs work within two miles of these projects today, fix it up, and let the neighborhood do the rest. I ran this same playbook on a deal in Carrollton last week — Sandpiper Ln, bought at $307K, ARV $440K. Allen has higher price floors but the logic is identical: buy ahead of the growth, not after it.
Should Allen Homeowners Sell Before the Apartments Open? Not necessarily — but don't assume your single-family home is just going to float above all of this either. If you've been sitting on a property near one of these projects and selling has been on your mind anyway, right now is a good time to move. Inventory is still tight. Buyers are making decisions without a full picture of how this supply plays out. That's an edge for sellers. A year from now, when those units are absorbed and comps start reflecting the new normal, that edge gets a lot smaller. A cash offer today means no inspection fight, no financing contingency, and you're closed in two weeks. Call me at 214-226-1193 and we'll figure out if the numbers make sense for you.
What I'm Paying for Allen and Collin County Properties Right Now I'm actively buying older single-family homes in Allen — typically 1980s to early 2000s builds that need work. Here's where my numbers land:
ARV: $475,000–$525,000 Rehab estimate: $40,000–$60,000 Acquisition target: ~$270,000–$315,000
If your house falls in that range and needs some love, I'll have a number for you within 24 hours. No runaround.
Get a Cash Offer or Join the Off-Market Buyer List → Whether you're a homeowner ready to move on or an investor hunting for the next Collin County deal before this market reprices, reach out. Get your offer: callahanhomebuyers.com Call or text: 214-226-1193 Caleb Callahan | Licensed Texas Real Estate Agent | TREC License 837919