The housing market in Alpena, MI has experienced a strong appreciation rate of 16.52% over the past year. This is significantly higher than the national average of 8.27%. The median value for homes in Alpena is $142,600 which is much lower than the US median value of $338,100. Despite having a lower median house price, Alpena’s quick appreciation rate makes it an attractive place to invest in real estate.
The median home cost in Alpena is $142,600. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Alpena is up 21.4%.
Average Age of Homes
- The median age of Alpena real estate is 64 years old
The Rental Market in Alpena
- Renters make up 32.7% of the Alpena population
- 0.5% of houses and apartments in Alpena, 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.