Updated
Real Estate Investing in Alger County, MI
Alger County, MI real estate market data — demographics, home values, and investor context.
8,813
Population
$59,406
Median Income
$165,700
Median Home Value
84%
Owner-Occupied
Alger County, MI Demographics
US Census ACS 5-year estimates. Demographic context drives rent, home value, and absentee-ownership patterns — here's what the numbers say about Alger County, MI.
| Population | 8,813 |
|---|---|
| Median age | 48.8 |
| Median household income | $59,406 |
| Median home value | $165,700 |
| Median gross rent | $712 |
|---|---|
| Rent burden | 22.8% |
| Owner-occupied units | 2,941 |
| Renter-occupied units | 549 |
Why Investors Target Alger County, MI
Alger County, MI is home to 8,813 residents with a median age of 48.8 years. Households earn a median income of $59,406, against a median home value of $165,700 and a median gross rent of $712. Roughly 84% of occupied homes are owner-occupied, with the remainder rented — a key signal for absentee-owner and rental investors. Renters here spend a median of 22.8% of household income on gross rent.
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