Zip 48610 (Alger, MI) Housing

The housing in 48610 Alger, MI is quite affordable compared to the US Average with a median value of $116,200. The appreciation rate of housing within the area has significantly increased over the last year, rising 9.86%, while the US average is 8.27%. With such an excellent appreciation rate, now would be an excellent time for investors and potential homeowners to invest in property in 48610 Alger, MI.

The median home cost in Alger (zip 48610) is $116,200. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Alger (zip 48610) is up 15.7%.

Average Age of Homes

- The median age of Alger (zip 48610) real estate is 38 years old

The Rental Market in Alger (zip 48610)

- Renters make up 6.1% of the Alger (zip 48610) population
- 0.1% of houses and apartments in Alger (zip 48610), 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
	2,706.0	139,647,020.0
	40	42
	$116,200	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$12.80	$10.98
	$1,212	$2,690
	49.3%	57.4%
	45.2%	11.2%
	5.5%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.9%	0.4%
	41.5%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	10.1%	2.4%
	12.0%	2.8%
	11.6%	3.9%
	16.0%	4.5%
	16.9%	11.3%
	15.7%	13.0%
	10.4%	20.1%
	2.5%	13.6%
	0.5%	8.3%
	0.0%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.7%	13.6%
	14.7%	13.6%
	18.7%	13.6%
	15.1%	13.2%
	20.7%	14.8%
	18.7%	13.6%
	5.2%	10.0%
	5.0%	4.7%
	2.9%	12.2%

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