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These days, finding an affordable place to live in the Alpena area can be challenging. Home prices in Alpena are now at a median cost of $217,980, higher than the Arkansas average of $207,061.
The average cost of rent is $945/mo in Alpena, primarily driven by the current value of real estate in the Alpena area. In Alpena, 9.93% of households rent, and 48.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alpena is $5,232 per month. Households that rent pay about 18.06% of their income on rent here. Alpena’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carrollton, AR: less expensive homes
- Green Forest, AR: less expensive homes
- Omaha, AR: equally priced homes
- Harrison, AR: equally priced homes
- Rule, AR: less expensive homes
- Oak Grove, AR: less expensive homes
- Burlington, AR: less expensive homes
- Rudd, AR: less expensive homes
- Blue Eye, AR: less expensive homes
- Bergman, AR: less expensive homes
Cities with Similar Populations
- Cape Vincent, NY: higher priced homes
- Bratenahl, OH: higher priced homes
- Wellston, MI: less expensive homes
- Kimper, KY: less expensive homes
- Cooperstown, PA: less expensive homes
- Midville, GA: less expensive homes
- Mathias, WV: less expensive homes
- Danbury, NC: less expensive homes
- Marmet, WV: less expensive homes
- DeSoto, IA: higher priced homes
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