The housing market in Alpena township, MI is thriving. The median value of a house in Alpena township is $174,700, which is significantly lower than the US median value of $338,100. However, the one year house appreciation in Alpena township is 16.52%, much higher than the national average of 8.27%. This indicates that there is a lot of growth potential for this area and it could be a great place to invest in housing.
The median home cost in Alpena township is $174,700. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Alpena township is up 21.4%.
Average Age of Homes
- The median age of Alpena township real estate is 45 years old
The Rental Market in Alpena township
- Renters make up 13.2% of the Alpena township population
- 0.5% of houses and apartments in Alpena township, 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.