Alcona County, Michigan Housing Market
In Alcona County, Michigan, the median home value is $162,800, with a median monthly rent of $867. This places Alcona County at #1957 nationally out of 3134 counties by median home value, and #53 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $771
- Establishments: 190
- BLS QCEW, 2025
Housing Supply
- Single-family: 48
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,770 (avg $60,540)
- Outflow: 4,310 (avg $59,076)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Alcona County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 48738 | 242.1 | +8.78% | 2025 |
| 2 | 48742 | 208.0 | +4.42% | 2025 |
| 3 | 48740 | 185.4 | +5.08% | 2025 |
| 4 | 48750 | 204.6 | +4.20% | 2025 |
| 5 | 49747 | 170.3 | -7.03% | 2025 |
| 6 | 48647 | 203.4 | +11.98% | 2025 |
| 7 | 48762 | 160.2 | — | 2024 |
| 8 | 48761 | 142.0 | -10.49% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Alcona County Compares
| Metric | Alcona County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $162,800 | $197,292 | $227,706 |
| Median Gross Rent | $867 | $905 | $968 |
| Owner Occupancy Rate | 89.6% | 80.2% | 73.3% |
| Price/Rent Ratio | 15.6 | 17.9 | 18.7 |
Market Analysis
The median home value in Alcona County is 17.5% below the Michigan state average and 28.5% below the U.S. national average. The median rent of $867/month is 4.2% below the state average.
With a price-to-rent ratio of 15.6, the buy-vs-rent decision in Alcona County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Alcona County has an owner-occupancy rate of 89.6%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Wayne County | Georgia | $162,800 | $846 |
| Calhoun County | Michigan | $162,800 | $968 |
| Oldham County | Texas | $162,800 | $1,111 |
| Preston County | West Virginia | $162,800 | $750 |
| Otero County | New Mexico | $162,700 | $962 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Calhoun County | $162,800 | $968 | 72.7% |
| Crawford County | $163,000 | $862 | 79.6% |
| Branch County | $162,500 | $959 | 77.7% |
| Gladwin County | $162,300 | $690 | 86.1% |
| Chippewa County | $161,900 | $797 | 75.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).