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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 $154,275, lower than the Michigan average of $250,415.
The average cost of rent is $709/mo in Alpena, primarily driven by the current value of real estate in the Alpena area. In Alpena, 24.88% of households rent, and 52.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alpena is $4,344 per month. Households that rent pay about 16.32% of their income on rent here. Alpena’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Alpena Junction, MI: higher priced homes
- Cathro, MI: higher priced homes
- Herron, MI: equally priced homes
- Ossineke, MI: equally priced homes
- Bell, MI: higher priced homes
- Hubbard Lake, MI: higher priced homes
- Spratt, MI: equally priced homes
- Lachine, MI: equally priced homes
- Presque Isle, MI: higher priced homes
- Spruce, MI: higher priced homes
Cities with Similar Populations
- Douglas, AZ: equally priced homes
- Winthrop Town, MA: higher priced homes
- Newberry, SC: equally priced homes
- Havelock, NC: higher priced homes
- Northfield, OH: higher priced homes
- Santa Fe Springs, CA: higher priced homes
- Santa Rosa Beach, FL: higher priced homes
- Norton, MA: higher priced homes
- Pikeville, KY: higher priced homes
- Godfrey, IL: higher priced homes
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