The median home in Alpena, Michigan is valued at $180,069, up 3.7% year over year. Alpena is part of the Alpena, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Alpena, MI stress score, crash risk, and 12-month forecast →

Home Value$180,069

+3.7%

AFFORDABILITY

Enter your income for Alpena.

Income (annual)

Down Payment

$36,014 on $180,069

Affordable — 20.4% of income

Under the 28% guideline.

PITI$1,275

P/I20.4%

Afford$247K

Room+$67K

P&I $911Tax $231Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Alpena with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Alpena, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Alpena, MI metro.

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ALPENA, MI