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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 $191,683, lower than the South Dakota average of $268,202.
The average cost of rent is $858/mo in Alpena, primarily driven by the current value of real estate in the Alpena area. In Alpena, 10.67% of households rent, and 57.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alpena is $8,190 per month. Households that rent pay about 10.48% of their income on rent here. Alpena’s most expensive areas are in the northeastern 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
- Virgil, SD: equally priced homes
- Lane, SD: equally priced homes
- Woonsocket, SD: less expensive homes
- Wessington Springs, SD: less expensive homes
- Morningside, SD: higher priced homes
- Huron, SD: less expensive homes
- Forestburg, SD: equally priced homes
- Wolsey, SD: equally priced homes
- Cavour, SD: higher priced homes
- Storla, SD: less expensive homes
Cities with Similar Populations
- Adak, AK: less expensive homes
- River Ranch, FL: higher priced homes
- Hallidayboro, IL: less expensive homes
- Hunt, AZ: less expensive homes
- Glenwood, WA: higher priced homes
- Princeton, MI: higher priced homes
- Frankfort, TN: less expensive homes
- Piseco, NY: higher priced homes
- Fence Lake, NM: less expensive homes
- Kit Carson, CO: equally priced homes
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