The story of this market
The typical home in Alpena County, Michigan sells for about $189,886, or $119 per square foot.
Prices are up +18.7% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. Over the long run, values in this county have grown 61% since 2000. Last year 3 of 10 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Very Low.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+22.7%). Worst: 2009 (-7.1%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,247
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 10 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
25
Very Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $7,048,532.
Mortgage activity
Home lending in this county
77.8%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 504 | 280 | 77.8% | 4.8% | $115,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Alpena County, Michigan
Alpena County's housing market is experiencing significant price appreciation, with median sale prices rising 18.7% year-over-year. Despite the increase in prices, the market remains somewhat competitive with a limited supply of active listings. The area continues to see stable population trends with a focus on local economic stability.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 2 ZIP reports
Median prices moved up 16.2% year over year.
Homes spend a median of 37 days on market with 1.2 months of supply — a fast-moving market.
2% of listings have cut prices · homes sell at 14.77% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 18.0% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 22
researched Sep 22
| 49701 | Mackinaw City | $333,180 | $205 | +2.4% | 88 | 97.5% | 12% | 8.2 | 41 | $865 | researched Sep 22 |
| 49707 | Alpena | $199,450 | $119 | +18.7% | 28 | — | — | — | 125 | $662 | researched Sep 22 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The economy is anchored by the Alpena Micropolitan Statistical Area, with a focus on regional services and manufacturing.
The county is served by US-23, a major corridor along the Lake Huron shoreline.
- Arzo Amusement Park4.318 mi
- Alpena Events Complex4.516.6 mi
- Great Lakes Maritime Heritage Center4.816.2 mi
- Besser Museum for Northeast Michigan4.717 mi
- Bay View Park4.715.9 mi
- Sanctuary Cinema4.716 mi
- Mich-e-ke-wis Park4.616.5 mi
- Dinosaur Gardens4.517.5 mi
- Sturgeon Point Lighthouse4.822.4 mi
- Great Lakes Maritime Heritage Center4.816.2 mi
- New Presque Isle Lighthouse4.829.9 mi
- Old Presque Isle Lighthouse4.828.7 mi
- Rockport State Recreation Area4.718.5 mi
- Bay View Park4.715.9 mi
- Mich-e-ke-wis Park4.616.5 mi
- Alpena Wildlife Sanctuary4.717.3 mi
- Island Park4.817.1 mi
- Harrisville Harbor4.826.2 mi
- Presque Isle State Harbor4.829 mi
- Lake Huron4.730.7 mi
- Meijer4.418 mi
- Thunder Bay Shopping Center4.216.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A protected area that includes islands in Lake Huron, providing habitat for migratory birds and wildlife.
Data retrieved from US Census Bureau QuickFacts and Census Reporter.
applies when — Real property owned and used as a homestead by a disabled veteran or their surviving spouse.
Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility.
MCL 211.7b
applies when — Delinquency in real property tax payments.
A three-year forfeiture and foreclosure process. Property is forfeited to the county treasurer after two years of delinquency. If taxes remain unpaid by March 31 of the third year, the property is foreclosed upon by the Foreclosing Governmental Unit.
General Property Tax Act, Public Act 206 of 1893; MCL 211.78k
applies when — Transfer of interest in real estate consisting of not less than 1 or more than 4 residential dwelling units.
Sellers must provide a written disclosure statement to prospective buyers regarding the condition of the property, including known defects.
Seller Disclosure Act, Act 92 of 1993
Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs. The tax is calculated by multiplying the taxable value by the local millage rate.
General Property Tax Act, Public Act 206 of 1893
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.