Rental numbers for the Alpena, MI metro
Zillow does not publish enough data to estimate cash flow for this metro.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- n/a
- 0 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $197,000
- Zillow ZHVI, Aug 2026
- Typical rent
- n/a
- Zillow ZORI, Aug 2026
ZIP codes in the metro
6 with published figures
| 49746Hillman | $189,000 | $970* | 6.2% | 2.8% | -$577 | n/a |
| 49707Alpena | $194,000 | $970* | 6.0% | 2.4% | -$654 | n/a |
| 49753Lachine | $224,000 | $1,090* | 5.8% | 2.6% | -$719 | n/a |
| 49776Posen | $204,000 | $970* | 5.7% | 2.4% | -$688 | n/a |
| 49766Ossineke | $213,000 | $970* | 5.5% | 2.1% | -$774 | n/a |
| 49747Hubbard Lake | $251,000 | $1,020* | 4.9% | 1.9% | -$950 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +7.6%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.89%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $150,665 |
| Aug 2022 | $164,523 |
| Aug 2023 | $174,105 |
| Aug 2024 | $180,211 |
| Aug 2025 | $182,795 |
| Aug 2026 | $196,768 |
Counties
- Alpena County, MIn/a median yield
- Montmorency County, MIn/a median yield
- Presque Isle County, MIn/a median yield
Tools
Questions
- Is the Alpena, MI metro good for rental property?
- Zillow does not publish enough data to estimate cash flow for this metro. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Alpena, MI metro have the highest rental yield?
- , on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.