Alpena, MI Metro Area - Investment Guide
Metro Area • 6 Cities • 6 ZIP Codes
Avg Home Value
$218,590
Avg Monthly Rent
$899
Avg Cap Rate
3.23%
Avg Investability
3.0 ★
Cities
6
ZIP Codes
6
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Market Trends
Metro Home Value History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Alpena, MI Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
13.2%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Alpena, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Alpena, MI
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 49746 | Hillman | MI | $198,193 | $873 | 3.44% | |
| 49747 | Hubbard Lake | MI | $254,899 | $918 | 2.81% | |
| 49753 | Lachine | MI | $227,349 | $981 | 3.37% | |
| 49707 | Alpena | MI | $183,119 | $873 | 3.72% | |
| 49766 | Ossineke | MI | $217,834 | $873 | 3.13% | |
| 49746 | Hillman | MI | $183,408 | $873 | 3.71% | |
| 49776 | Posen | MI | $216,723 | $873 | 3.14% | |
| 49747 | Hubbard Lake | MI | $231,850 | $918 | 3.09% | |
| 49753 | Lachine | MI | $209,584 | $981 | 3.65% | |
| 49766 | Ossineke | MI | $201,811 | $873 | 3.37% | |
| 49707 | Alpena | MI | $194,004 | $873 | 3.51% | |
| 49776 | Posen | MI | $194,924 | $873 | 3.49% | |
| 49746 | Hillman | MI | $190,986 | $873 | 3.57% | |
| 49747 | Hubbard Lake | MI | $247,545 | $918 | 2.89% | |
| 49753 | Lachine | MI | $218,949 | $981 | 3.49% | |
| 49707 | Alpena | MI | $178,459 | $873 | 3.82% | |
| 49766 | Ossineke | MI | $211,167 | $873 | 3.22% | |
| 49746 | Hillman | MI | $176,131 | $873 | 3.87% | |
| 49776 | Posen | MI | $201,017 | $873 | 3.39% | |
| 49747 | Hubbard Lake | MI | $228,436 | $918 | 3.13% | |
| 49753 | Lachine | MI | $201,763 | $981 | 3.79% | |
| 49766 | Ossineke | MI | $195,330 | $873 | 3.49% | |
| 49707 | Alpena | MI | $191,541 | $873 | 3.56% | |
| 49776 | Posen | MI | $177,541 | $873 | 3.84% | |
| 49746 | Hillman | MI | $193,584 | $873 | 3.52% | |
| 49747 | Hubbard Lake | MI | $243,145 | $918 | 2.94% | |
| 49753 | Lachine | MI | $215,767 | $981 | 3.55% | |
| 49707 | Alpena | MI | $178,459 | $873 | 3.82% | |
| 49766 | Ossineke | MI | $208,303 | $873 | 3.27% | |
| 49746 | Hillman | MI | $176,131 | $873 | 3.87% | |
| 49776 | Posen | MI | $204,418 | $873 | 3.33% | |
| 49747 | Hubbard Lake | MI | $228,436 | $918 | 3.13% | |
| 49753 | Lachine | MI | $201,763 | $981 | 3.79% | |
| 49766 | Ossineke | MI | $195,330 | $873 | 3.49% | |
| 49707 | Alpena | MI | $191,966 | $873 | 3.55% | |
| 49776 | Posen | MI | $177,541 | $873 | 3.84% | |
| 49746 | Hillman | MI | $194,843 | $873 | 3.49% | |
| 49747 | Hubbard Lake | MI | $241,467 | $918 | 2.97% | |
| 49753 | Lachine | MI | $218,165 | $981 | 3.51% | |
| 49766 | Ossineke | MI | $208,324 | $873 | 3.27% | |
| 49707 | Alpena | MI | $196,542 | $873 | 3.46% | |
| 49776 | Posen | MI | $205,199 | $873 | 3.32% |
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About Alpena, MI Real Estate Market
The Alpena, MI metropolitan statistical area (MSA) encompasses 6 cities and 6 ZIP codes. The average home value across the metro is $218,590, with an average monthly rent of $899. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.