Most Affordable ZIP Codes in Alpena, MI (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 49707 | Alpena, MI | $196,542 | $873 | 3.46% | 6.5% |
| 2 | 49746 | Hillman, MI | $198,193 | $873 | 3.44% | 4.2% |
| 3 | 49776 | Posen, MI | $216,723 | $873 | 3.14% | 7.2% |
| 4 | 49766 | Ossineke, MI | $217,834 | $873 | 3.13% | 7.1% |
| 5 | 49753 | Lachine, MI | $227,349 | $981 | 3.37% | 7.9% |
| 6 | 49747 | Hubbard Lake, MI | $254,899 | $918 | 2.81% | 6.0% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Alpena, MI · Appreciation in Alpena, MI
Or see the full Alpena, MI metro profile.