Alger County, MI Housing

The housing market in Alger, MI County is quite favorable compared to the US average. The median house value in Alger County is $158,200 which is significantly lower than the US median of $338,100. Additionally, houses in Alger County have appreciated nearly 10.54%, while the US 1 year house appreciation rate is 8.27%. This indicates that there is a strong demand for housing in this area and suggests that investing in the real estate market here can be highly lucrative.

The median home cost in Alger County is $158,200. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Alger County is up 23.1%.

Average Age of Homes

- The median age of Alger County real estate is 44 years old

The Rental Market in Alger County

- Renters make up 7.9% of the Alger County population
- 0.7% of houses and apartments in Alger County, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Alger, Michigan	United States
	6,231.0	139,647,020.0
	49	42
	$158,200	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$10.20	$10.98
	$1,466	$2,690
	39.9%	57.4%
	50.9%	11.2%
	9.2%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	42.8%	3.6%
	6.6%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	2.7%	2.4%
	6.8%	2.8%
	8.4%	3.9%
	9.0%	4.5%
	24.4%	11.3%
	19.8%	13.0%
	16.5%	20.1%
	6.0%	13.6%
	2.6%	8.3%
	1.9%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	14.1%	13.6%
	11.7%	13.2%
	16.0%	14.8%
	14.1%	13.6%
	11.4%	10.0%
	7.3%	4.7%
	13.4%	12.2%

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