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Alpha

Learn about the people, housing, costs and businesses in Alpha, Michigan

Median Home$94,000
Median Rent$943/month
Population145
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining30% public administration
Home Value Growth+5.4% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners86% of occupied units
NotableHighly Educated27% bachelor's · 12% graduate · top 14% nationally
Alpha
MI

Frequently Asked Questions

What are today's mortgage rates in Alpha?

As of today, the 30-year fixed mortgage rate for Alpha is approximately 6.947% (6.985% 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 Alpha?

The median home value in Alpha is $94k. The median monthly rent is $943. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alpha?

Home values in Alpha have increased 5.4% over the past two years. This represents moderate growth. 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 Alpha?

Based on a typical all-in ownership cost of $711/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alpha is $62k/year.

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What industries drive the economy in Alpha?

The largest employment sectors in Alpha are public administration (30%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.