Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Alger area can be challenging. Home prices in Alger are now at a median cost of $109,339, lower than the Michigan average of $196,062.
The average cost of rent is $725/mo in Alger, primarily driven by the current value of real estate in the Alger area. While nearly 45.53% of residents own their homes outright in Alger, 7.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Alger is $3,918 per month. Households that rent pay about 18.50% of their income on rent here. Alger's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Skidway Lake, MI: less expensive homes
- Greenwood, MI: equally priced homes
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- Sugar Rapids, MI: higher priced homes
- West Branch, MI: higher priced homes
- Selkirk, MI: equally priced homes
- Twining, MI: less expensive homes
- Bentley, MI: higher priced homes
- Omer, MI: equally priced homes
Cities with Similar Populations
- Potts Camp, MS: equally priced homes
- Elizabeth, WV: less expensive homes
- Avilla, AR: higher priced homes
- Cambridge, IL: higher priced homes
- Badin, NC: higher priced homes
- Barker, NY: higher priced homes
- Meridian, TX: higher priced homes
- Dunsmuir, CA: higher priced homes
- New Canton, VA: higher priced homes
- Virginia, IL: equally priced homes
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