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Alger County Housing Market

Michigan · 83 counties · Ranked #1427 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$165,700

vs national$165,700 vs $281,900 national

Median Gross Rent

$712/mo

vs national$712 vs $1,163 national

Effective Tax Rate

1.00%

vs national1.00% vs 1.02% national

Median Household Income

$59,406

vs national$59,406 vs $74,755 national

Affordability Ratio

2.8x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

22.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,652

Tax as % of Home Value

1.00%

Monthly Owner Cost

$766

Renter Income

$31,250

Frequently Asked Questions

What is the median home value in Alger County?
The median home value in Alger County is $165,700. This is below the national median of $281,900.
How much is rent in Alger County?
The median gross rent in Alger County is $712 per month.
What is the property tax rate in Alger County?
The effective property tax rate in Alger County is 1.00%. The median annual property tax bill is $1,652.
Is Alger County affordable?
With a home-value-to-income ratio of 2.8x, Alger County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.