The housing market in 49707 Alpena, MI appears to be outperforming the national average. According to the data provided, the median value of a house in Alpena is $140,700 compared to the US median value of $338,100. Additionally, homes in Alpena have appreciated by 16.52% in the past year while the US average for house appreciation is 8.27%. This indicates that Alpena has been seeing strong growth in its housing market and may make it an attractive place to invest in real estate.
The median home cost in Alpena (zip 49707) is $140,700. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Alpena (zip 49707) is up 21.4%.
Average Age of Homes
- The median age of Alpena (zip 49707) real estate is 51 years old
The Rental Market in Alpena (zip 49707)
- Renters make up 20.6% of the Alpena (zip 49707) population
- 0.5% of houses and apartments in Alpena (zip 49707), 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.