Alpena County, Michigan home prices
Typical home $193,096 · +8.5% in a year · property tax 1.06%
The typical home in Alpena County is worth $193,096, 27% less than the Michigan typical home ($263,760). Values changed +8.5% in the past year and +31.9% over five years. Homeowners here pay a median 1.06% of their home's value in property tax each year ($2,056 on the typical home), versus 1.17% statewide.
Mortgage on the typical Alpena County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,619 | $154,476 | $1,039 | $0 | $268 | $1,307 | $56,000 |
| 10% down | $19,310 | $173,786 | $1,169 | $72 | $268 | $1,509 | $64,700 |
| 5% down | $9,655 | $183,441 | $1,234 | $76 | $268 | $1,578 | $67,600 |
| 3.5% down (FHA) | $6,758 | $189,598 | $1,275 | $85 | $268 | $1,629 | $69,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.06% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Michigan · part of the Alpena metro area.
Michigan counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Roscommon County | $191,859 | +0.3% | 1.01% |
| Alcona County | $194,373 | +8.1% | 0.82% |
| Genesee County | $195,727 | +4.1% | 1.36% |
| Schoolcraft County | $195,805 | +10.0% | 0.99% |
| Calhoun County | $190,006 | +3.2% | 1.45% |
| Houghton County | $196,480 | +7.6% | 1.16% |
| Chippewa County | $196,951 | +6.8% | 1.26% |
| Gladwin County | $187,465 | +10.7% | 1.15% |
| Bay County | $186,141 | +6.5% | 1.49% |
| Tuscola County | $185,735 | +5.6% | 1.21% |
Frequently asked questions
What is the average home price in Alpena County, MI?
The typical home value in Alpena County is $193,096 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Alpena County?
About $56,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Alpena County?
The median effective rate is 1.06% of home value a year (Census ACS 2024 5-year estimates).