Alger County, MI Average Home Price (2026)
The average home price in Alger County, Michigan is about $304,500 (the 2026 median across 8 ZIP codes, at ~$226/sq ft) — 25% more expensive than the Michigan median and 5% more expensive than the typical U.S. home.
How Alger County compares
Alger County is about average for housing nationally: its typical home costs $304,500 against $244,000 for Michigan and $289,000 for the U.S. Within the county, ZIP-level values run from about $184,000 to $467,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Alger County | $304,500 | $226 |
| Michigan | $244,000 | $187 |
| United States | $289,000 | $193 |
Alger County home prices by ZIP code
The 8 most valuable ZIP codes in Alger County (of 8 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 49816 Chatham | $467,000 | $246 | +53% |
| 49822 Deerton | $460,000 | $242 | +51% |
| 49825 Eben Junction | $397,000 | $209 | +30% |
| 49891 Trenary | $350,000 | $184 | +15% |
| 49839 Seney | $259,000 | $311 | -15% |
| 49806 Au Train | $254,000 | $289 | -17% |
| 49862 Munising | $210,000 | $186 | -31% |
| 49884 Shingleton | $184,000 | $207 | -40% |
Home value appreciation in Alger County
Home prices in Alger County have risen about 94% over the last 10 years (≈6.9% a year) and +105.2% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +19.0% — still rising. A home worth $304,500 today was worth roughly $156,878 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Michigan is +96.7% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Alger County
Run the numbers for Alger County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Alger County
To buy the typical $304,500 home in Alger County with 20% down, you need a household income of roughly $83,000 a year (about $1,930 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $98,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,200 | $2,400/mo | $103,000/yr |
| 10% (+PMI) | $30,500 | $2,300/mo | $98,000/yr |
| 20% | $60,900 | $1,930/mo | $83,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Alger County
At about $226 per square foot, here is roughly how much home different budgets get you in Alger County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 660 sq ft | below the local median — condos, smaller or older homes |
| $200k | 880 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1110 sq ft | around the typical home here |
| $300k | 1330 sq ft | around the typical home here |
| $400k | 1770 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Michigan.
Estimate a specific home in Alger County
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Alger County home prices: frequently asked
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Browse all Michigan cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.