Alpena, MI metro area Housing Market Brief
metro · MI · as of August 2026
What is Alpena, MI metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Alpena, MI metro area in its market cycle?
Alpena, MI metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Alpena, MI metro area?
Our model forecasts Alpena, MI metro area’s home prices to decline about 1.7% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Alpena, MI metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $169K | ▼ -24.3% |
| Median Days on Market | 38 days | ▲ +18.8% |
| Months of Supply | 4.8 | ▲ +33.3% |
| Homes for Sale | 121 | ▲ +9% |
| Homes Sold | 26 | ▼ -18.7% |
| Median Price / Sq Ft | $122 | ▼ -2.5% |
How has Alpena, MI metro area’s Alpha Score moved?
Markets like Alpena, MI metro area
- Jennings, LA metro area, LAmetro60
- Magnolia, AR metro area, ARmetro47
- Maysville, KY metro area, KYmetro61
- Duncan, OK metro area, OKmetro53
- Big Stone Gap, VA metro area, VAmetro52
- Malone, NY metro area, NYmetro67
- Jackson, OH metro area, OHmetro62
- McAlester, OK metro area, OKmetro52
- Carbondale, IL metro area, ILmetro56
- Alice, TX metro area, TXmetro48
Frequently asked questions
Is Alpena, MI metro area a buyer's or seller's market?
As of August 2026, Alpena, MI metro area is classified as a Balanced Market, based on its Alpha Score of 47 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Alpena, MI metro area?
The median sale price in Alpena, MI metro area is $169K, having fallen 24.3% over the past year.
How affordable is Alpena, MI metro area?
Alpena, MI metro area scores 88 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Alpena, MI metro area's Alpha Score?
Alpena, MI metro area's strongest dimension is Affordability (88/100) and its weakest is Price Momentum (13/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Alpena, MI metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.