Land and home values in Alpena, MI
Alpena is a city in Alpena County, Michigan, home to about 10,154 people. Residential land runs about $1.47 per sq ft, the typical home is worth about $138,000, and a 2-bedroom rents for about $980 a month, as of October 12, 2026.
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| Land: residential | $1.47 | per sq ft |
| Land: residential | $63,859 | per acre |
| Land: quarter-acre lot | $15,965 | 10,890 sq ft |
| Home: typical (median) | $138,000 | value |
| Home: entry-level | $78,400 | lower quartile |
| Home: upper-end | $147,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $775 | per month |
| Rent: 2-bedroom | $980 | per month |
| Rent: 3-bedroom | $1,220 | per month |
| Rent: 4-bedroom | $1,650 | per month |
| Gross yield, 2-bed | 8.5% | a year |
ZIP codes
Questions people ask
How much is land worth in Alpena, MI?
Residential land in Alpena, MI is about $1.47 per square foot, or $63,859 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $15,965. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Alpena, MI?
The typical (median) home in Alpena, MI is worth about $138,000, with entry-level homes around $78,400 and upper-end homes around $147,000, as of October 2026.
How much is rent in Alpena, MI?
A 2-bedroom rents for about $980 a month in Alpena, MI, a 1-bedroom about $775 and a 3-bedroom about $1,220 (gross rent including utilities, HUD Fair Market Rent basis).
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.