Safe Rate Local

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?

Mortgage rates for Alger County are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Alger County
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.

Calculate your buying power
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