housing costs · Michigan
Housing costs in Alger County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $714 | ± $52 | evidence → |
| 2019–2023 | $712 | ± $58 | evidence → |
| 2018–2022 | $716 | ± $76 | evidence → |
| 2017–2021 | $646 | ± $52 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $176,200 | ± $10,899 | evidence → |
| 2019–2023 | $165,700 | ± $9,489 | evidence → |
| 2018–2022 | $156,500 | ± $9,942 | evidence → |
| 2017–2021 | $143,700 | ± $9,545 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 21.9 % | ± 5.1 % | evidence → |
| 2019–2023 | 22.8 % | ± 5.4 % | evidence → |
| 2018–2022 | 29.3 % | ± 6.9 % | evidence → |
| 2017–2021 | 30.1 % | ± 3.0 % | evidence → |
In context
Median rent in Alger County is $714, below the Michigan median of $884 across 83 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.