Real Estate Investing in Alpena County, Michigan

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

4 ZIP codes • Population: 28,448

Should you buy in Alpena County, MI? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (60/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 22.2% of homes vacant — above national norms.

What’s happening in Alpena County, MI?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

6.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability ★★★★★
Avg Home Value $224,156
Avg Monthly Rent $911
ZIP Codes 4

Market Trends — Alpena County

County Home Value History

$237K$206K$175K$144K$113K$82KJul 2006Jul 2016Jul 2026

Local Pulse Report

AI-researched developments and news for Alpena County, MI. Updated on demand as visitors ask.

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Growth & development in Alpena County, MI Updated 6 days ago
A mix of new businesses, infrastructure upgrades, and housing initiatives are shaping Alpena County, alongside some business closures. ### Positives: * The Water Street Commons, a small business incubator with six tiny shops and food truck space, opened in
A mix of new businesses, infrastructure upgrades, and housing initiatives are shaping Alpena County, alongside some business closures. ### Positives: * The Water Street Commons, a small business incubator with six tiny shops and food truck space, opened in

Sources & references

AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.

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Alpena County, MI real estate — median home value $224,156, average rent $911/mo
Alpena County, MI real estate — median home value $224,156, average rent $911/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in Alpena County, MI. Anonymous, moderated, never written by AI.

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Avg Home Value
$224,156
Avg Monthly Rent
$911
1% Rule
✗ Below
Landlord Friendly (MI)
★★★★★

📉 Market Crash Risk Index

Based on Alpena, MI metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
57%
Days Pending
0/2
0 days

View all metro crash risk rankings →

🎓 Colleges & Universities in Alpena County

1 College 1,530 Students 446 Off-Campus Renters
B
Alpena Community College
4-Year Public · 1,530 students
📍 ~446 students rent off-campus

Cities in Alpena County

Alpena (1 ZIPs) Ossineke (1 ZIPs) Hubbard Lake (1 ZIPs) Lachine (1 ZIPs)

ZIP Codes in Alpena County, MI

49707 ★ ★ ★ ★ ★
Alpena
Population 22,050
Avg Home $196,542
Avg Rent $873/mo
49766 ★ ★ ★ ★ ★
Ossineke
Population 2,498
Avg Home $217,834
Avg Rent $873/mo
49747 ★ ★ ★ ★ ★
Hubbard Lake
Population 2,178
Avg Home $254,899
Avg Rent $918/mo
49753 ★ ★ ★ ★ ★
Lachine
Population 1,722
Avg Home $227,349
Avg Rent $981/mo

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Frequently Asked Questions About Alpena County

What is the typical rental rate in, MI?

The typical rental in, MI commands about $911/mo monthly. That rent profile consistent cash flow against the $224K purchase basis.

What is the typical vacancy rate in, MI?

, MI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Is, MI a smart market for rental property?

The 3.0/5 investability rating in, MI reflects its $224K prices and $911/mo rents. Investors generally consider it a solid option within MI.

Is, MI above average for MI?

within MI reads broadly in line with the state benchmark. Investors comparing markets should weight local data above the statewide aggregate.

Community Ratings

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