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Alger County

Learn about the people, housing, costs and businesses in Alger County County

Median Home$188,288
Median Rent$633/month
Population8,762
Leading IndustriesProfessional Services · Education · Manufacturing2% professional services
Home Value Growth⬆⬆+11.9% over 2 years
Retirees27% of residentswell above average
Homeowners86% of occupied units
Alger County
MI

Frequently Asked Questions

What are today's mortgage rates in Alger County?

As of today, the 30-year fixed mortgage rate for Alger County is approximately 7.170% (7.200% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alger County?

The median home value in Alger County is $188k. The median monthly rent is $633. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alger County?

Home values in Alger County have increased 11.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alger County?

Based on a typical all-in ownership cost of $797/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alger County is $61k/year.

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What industries drive the economy in Alger County?

The largest employment sectors in Alger County are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas