Land and home values in Alger County, Michigan
Alger County (rural) covers 915 square miles and 4 census tracts. Residential land is about $5.21 per sq ft at the county median, from $4.60 in its most rural tracts to $5.79 in its most valuable. The typical home is worth about $226,000 and a 2-bedroom rents for about $1,060 a month, as of October 12, 2026.
Open on the satellite mapAll of MichiganCounty values
| Land: residential | $5.21 | per sq ft |
| Land: residential | $227,122 | per acre |
| Land: quarter-acre lot | $56,780 | 10,890 sq ft |
| Land: farmland | $3,000 | per acre |
| Home: typical (median) | $226,000 | value |
| Home: entry-level | $133,000 | lower quartile |
| Home: upper-end | $331,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $800 | per month |
| Rent: 2-bedroom | $1,060 | per month |
| Rent: 3-bedroom | $1,270 | per month |
| Rent: 4-bedroom | $1,430 | per month |
| Gross yield, 2-bed | 5.6% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Rural | 1 | $5.79 | $244,000 | $1,070 |
| Farmland | 3 | $4.60 | $180,000 | $1,060 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Munising | Town | $5.79 | $133,000 |
| Superior View Estates | Subdivision | $5.79 | $244,000 |
| Chatham | Town | $5.66 | $149,000 |
| Grand Marais | Community | $1.87 | $189,000 |
Questions people ask
How much is land worth in Alger County, MI?
Residential land in Alger County, MI is about $5.21 per square foot, or $227,122 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $56,780. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Alger County, MI?
The typical (median) home in Alger County, MI is worth about $226,000, with entry-level homes around $133,000 and upper-end homes around $331,000, as of October 2026.
How much is rent in Alger County, MI?
A 2-bedroom rents for about $1,060 a month in Alger County, MI, a 1-bedroom about $800 and a 3-bedroom about $1,270 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Alger County, MI?
Farmland averages about $3,000 an acre in Alger County, MI (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.