Housing in Alpena, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$127,200
Median List Price
$99,000
Price Per Sq Ft
$66
Days on Market
76
Active Inventory
20
Months of Supply
2.5
Seller's market
Zillow Home Value
$180,069
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
12.5%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
94.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
8
New Listings
3
Pending Sales
9
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$66
Median List $/SF
$118
Alpena vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Alpena is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$110,400
Median Rent
$599
Total Housing Units
5,444
Vacancy Rate
10.8%
Owner Occupied
65.0%
Renter Occupied
35.0%
Median Property Tax
$1,693
per year
Monthly Cost (w/ Mortgage)
$679
Housing Types
The current median sale price in Alpena, MI is $127,200 according to Redfin data. Homes spend a median of 76 days on the market. 12.5% of homes sold above asking price. The market has 2.5 months of supply. The median price per square foot is $66. The median rent is $599 per month (Census ACS). About 65.0% of housing units are owner-occupied. The median year homes were built is 1954. There are 5,444 total housing units.