Investor-grade market analytics for Alpena, Michigan. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.
$196,768
+7.6% year-over-year
+7.4%
base case (Zillow ZHVF)
+7.4% year-over-year
10/100
Very LowNet migration: Top 41% nationally
In-migrants avg $40,819 AGI vs out-migrants $67,915
Opportunity Zone Market
1 ZIP codes in Alpena are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Alpena, MI is experiencing strong growth with 7.6% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 3.79x, below the national average of 4.8x. Modest net positive migration (+35 returns/year) provides steady demand support. Climate risk remains low (10/100), favorable for long-term investment stability.
12-month projection (Zillow ZHVF model)
Alpena, MI's primary climate exposure is flooding (25/100). The composite climate risk score of 10/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.