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Market MapMichiganAlger

Alger County

MichiganPopulation: 8,866
70
/100
Buy
#114 of 1,000 counties
#25 in Michigan (83 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$203,555
Median Home Price
13% below national median
$12,087/mo
Est. Rent
Based on regional data
5.94%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
70/100
70
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
81/100

Based on 3.2% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
75/100

Price-to-income ratio of 3.7x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes

Challenges

  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
8,866
Median Income
$55,528
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
3.7x
Moderately affordable

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
MidlandMI
72$230,644$1,5117.86%BuyView
LenaweeMI
71$229,347Est. pending—BuyView
InghamMI
71$216,048$1,3037.24%BuyView
MarquetteMI
71$236,270$1,3546.88%BuyView
CurrentAlgerMI
70$203,555Est. pending—Buy
ShiawasseeMI
68$201,542$1,0396.19%BuyView

The Bottom Line

BuyAlger offers solid investment potential with positive cash flow at typical financing.

Alger County in Michigan scores 70/100, ranking #114 of 1,000 US counties (top 15%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Alger with stronger cash flow

  • Midland County for cash-flow rentals
  • Ingham County for cash-flow rentals
  • Marquette County for cash-flow rentals

Cheaper alternatives to Alger

  • Shiawassee County, lower entry price

Head-to-head comparisons

  • Alger vs Lenawee for rentals
  • Alger vs Ingham for rentals
  • Alger vs Marquette for rentals
All counties in Michigan →

Ready to Analyze a Deal in Alger?

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