Alpena Metro Area, MI Housing

Alpena, MI Metro Area is an attractive area for housing. The median value of a house in the area is $140,400, which is significantly lower than the US median value of $338,100. Furthermore, the 1 year appreciation rate for houses in Alpena is 15.49%, higher than the US average of 8.27%. This indicates that housing prices in Alpena are increasing at a faster rate than other areas in the US. Together with its attractive median value, this makes Alpena a desirable choice for potential buyers looking to invest in real estate.

The median home cost in Alpena Metro Area is $140,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Alpena Metro Area is up 21.4%.

Average Age of Homes

- The median age of Alpena Metro Area real estate is 49 years old

The Rental Market in Alpena Metro Area

- Renters make up 18.1% of the Alpena Metro Area population
- 0.4% of houses and apartments in Alpena Metro Area, 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	Alpena, Michigan	United States
	15,682.0	139,647,020.0
	54	42
	$140,400	$338,100
	21.4%	16.6%
	68.6%	57.0%
	98.7%	101.1%
	$12.46	$10.98
	$1,385	$2,690
	63.0%	57.4%
	19.8%	11.2%
	17.2%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.2%	0.4%
	11.3%	3.6%
	7.0%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	3.8%	2.4%
	9.2%	2.8%
	13.6%	3.9%
	14.7%	4.5%
	24.7%	11.3%
	12.8%	13.0%
	11.7%	20.1%
	5.8%	13.6%
	0.7%	8.3%
	0.1%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	9.7%	13.6%
	8.7%	13.2%
	18.5%	14.8%
	9.7%	13.6%
	15.2%	10.0%
	7.8%	4.7%
	16.8%	12.2%

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