Land and home values in Alpena County, Michigan
Alpena County (small town, Alpena, MI) covers 572 square miles and 11 census tracts. Residential land is about $1.77 per sq ft at the county median, from $1.21 in its most rural tracts to $7.55 in its most valuable. The typical home is worth about $188,000 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 | $1.77 | per sq ft |
| Land: residential | $77,188 | per acre |
| Land: quarter-acre lot | $19,297 | 10,890 sq ft |
| Land: farmland | $4,910 | per acre |
| Home: typical (median) | $188,000 | value |
| Home: entry-level | $117,000 | lower quartile |
| Home: upper-end | $301,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $840 | per month |
| Rent: 2-bedroom | $1,060 | per month |
| Rent: 3-bedroom | $1,320 | per month |
| Rent: 4-bedroom | $1,800 | per month |
| Gross yield, 2-bed | 6.8% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Small town | 4 | $1.77 | $156,000 | $1,000 |
| Rural | 5 | $2.87 | $194,000 | $1,060 |
| Farmland | 2 | $3.19 | $160,000 | $895 |
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.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Lakewood Pointe | Subdivision | $8.61 | $260,000 |
| Lakeshore Estates Mobile Home Community | Subdivision | $6.69 | $259,000 |
| Burk Manor | Subdivision | $2.75 | $192,000 |
| Ossineke | Community | $2.54 | $185,000 |
| Bare Point Estates | Subdivision | $2.24 | $169,000 |
| Fox Farm Condominium | Subdivision | $2.17 | $166,000 |
| Birchwood Meadows | Subdivision | $1.82 | $152,000 |
| Allen House Apartments | Subdivision | $1.82 | $152,000 |
Questions people ask
How much is land worth in Alpena County, MI?
Residential land in Alpena County, MI is about $1.77 per square foot, or $77,188 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $19,297. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Alpena County, MI?
The typical (median) home in Alpena County, MI is worth about $188,000, with entry-level homes around $117,000 and upper-end homes around $301,000, as of October 2026.
How much is rent in Alpena County, MI?
A 2-bedroom rents for about $1,060 a month in Alpena County, MI, a 1-bedroom about $840 and a 3-bedroom about $1,320 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Alpena County, MI?
Farmland averages about $4,910 an acre in Alpena 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.