Alpena Real Estate
88 active listings · 114 sold in the past 12mo
$232,500
Median List Price
114
Sold (past 12mo)
66
Avg Days on Market
+5.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Alpena Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Alpena and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(88)
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For Sale
1/87
$8,100,000
9842 Misery Bay, Alpena, MI 49707
5 bd3 ba3,456 sqft710 ac
Single Family
For Sale
1/99
$1,595,000
303 S State Avenue, Alpena, MI 49707
5 bd4 ba7,443 sqft0.42 ac
Single Family
Under Contract
1/67
$995,000
9501 Indian Rd Road, Alpena, MI 49707
2 bd2 ba
Single Family
For Sale
1/48
$990,000
15801 Shubert Highway, Alpena, MI 49707
3 bd2 ba4.16 ac
Single Family
For Sale
1/87
$985,000
328 South State Avenue, Alpena, MI 49707
4 bd2 ba0.68 ac
Single Family
For Sale
1/41
$895,000
232 South First Avenue, Alpena, MI 49707
4 bd4 ba0.49 ac
Single Family
For Sale
1/48
$790,000
15801 Shubert Highway, Alpena, MI 49707
3 bd2 ba2.44 ac
Single Family
For Sale
1/99
$750,000
9201 Wreck Road, Alpena, MI 49707
3 bd2 ba
Single Family
No Photo
For Sale
$625,000
8445 Gutchess, Alpena, MI 49707
4 bd2 ba3.63 ac
Single Family
For Sale
1/43
$597,000
4431 Long Rapids Road, Alpena, MI 49707
4 bd3 ba4 ac
Single Family
For Sale
1/73
$575,000
4011 SANDALL Road, Alpena, MI 49707
3 bd1 ba168 ac
Single Family
For Sale
1/46
$559,000
5065 Misery Bay Road, Alpena, MI 49707
4 bd3 ba0.91 ac
Single Family
For Sale
1/52
$530,000
105 N 2nd Avenue, Alpena, MI 49707
2 bd2 ba
Condo
For Sale
1/17
$526,000
17952 Birch Street, Alpena, MI 49707
3 bd1 ba1 ac
Single Family
For Sale
1/107
$525,000
1205 Partridge Point Road, Alpena, MI 49707
3 bd2 ba10.41 ac
Single Family
For Sale
1/25
$525,000
9363 W Long Lake Road, Alpena, MI 49707
4 bd2 ba0.61 ac
Single Family
For Sale
1/64
$489,900
613 Island View Drive, Alpena, MI 49707
5 bd4 ba0.37 ac
Single Family
No Photo
For Sale
$460,000
2411 Long Lake Park Road, Alpena, MI 49707
3 bd1 ba0.40 ac
Single Family
For Sale
1/29
$399,900
121 Channel Road 1, Alpena, MI 49707
3 bd2 ba1,950 sqft0.56 ac
Single Family
For Sale
1/46
$395,000
1454 Long Rapids Road, Alpena, MI 49707
4 bd2 ba0.64 ac
Single Family
For Sale
1/49
$378,900
207 Mason Street, Alpena, MI 49707
4 bd3 ba0.36 ac
Single Family
For Sale
1/31
$374,999
9315 W Long Lake Road, Alpena, MI 49707
2 bd1 ba1,279 sqft0.49 ac
Single Family
For Sale
1/80
$374,900
3855 El Cajan Road, Alpena, MI 49707
2 bd1 ba0.68 ac
Single Family
For Sale
1/47
$349,900
17182 Long Lake Highway, Alpena, MI 49707
3 bd2 ba0.39 ac
Single Family
Recently Sold(114)
Frequently Asked Questions about Alpena
Are there homes available in Alpena right now?
Buyers in Alpena can choose from 88 active listings. The median asking price is $232,500.
What is the median home price in Alpena?
Based on 114 sales in the past year, homes in Alpena have a median price of $232,500.
How fast do homes sell in Alpena?
Over the past year, homes in Alpena spent an average of 66 days on market before selling.
What school districts serve Alpena?
Multiple school districts may serve Alpena. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Alpena a buyer's or seller's market?
Alpena is currently a buyer's market, with 9.3 months of supply. That ratio comes from 88 active listings relative to 114 sales per year.
How are property taxes calculated in Alpena?
Property taxes in Alpena are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Alpena?
Per U.S. Census ACS data, Alpena has a +5.5% Household Formation Gap over the past 15 years. Average household size decreased from 2.2 to 2.02, creating demand for approximately 265 additional housing units even as population declined 3.1%. HFG is a secondary market indicator — it reflects demographic trends, not a primary measure like income-based affordability.