Alpine, MI—49321
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alpine, MI
As of Oct '25, the median home price in Alpine, MI is $334,000, with a year-over-year change of 5.2%. This indicates that home prices in Alpine, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 5.2% |
| Single Family | $344,000 | 5.8% |
| Condos | $277,000 | 6.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $254,000 | 6.3% |
3 Bed | $313,000 | 4.3% |
4 Bed | $367,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alpine, MI
As of July '25, Rentcast reports the average rent in Alpine, MI is $1,660, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Alpine, MI is 1-bedrooms: $1,130, 3-bedrooms: $1,920, 4-bedrooms: $2,520. The most common rental property sizes in Alpine, MI are 2-bedroom and 1-bedroom, accounting for 65.1% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,120 | $1,130 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,850 | $1,920 |
| 4 Bed Rent | $2,520 | $2,520 |
% of Rental Stock
Property Listings — Alpine, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Alpine, MI is 31. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $376,000 | 21.0% |
Listing Count | 38 | 15.0% |
| Listings as % of Homes | 0.2% | 15.0% |
Days on Market | 31 | -12.0% |
Demographics — Alpine, MI
As of the latest ACS Survey released in 2023, Alpine, MI has a population of 15,800, which has decreased by -9.2% over the past 5 years. Alpine, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,800 | -9.2% |
% Under 18 | 22.5% | -2.2% |
% Seniors | 16.3% | 29.4% |
% WFH | 7.8% | 188.9% |
% w/ College Degree | 28.5% | 5.6% |
As of the latest ACS Survey released in 2023, Alpine, MI is a predominantly white area, with 79.7% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Alpine, MI is hispanic, making up 13.0% of the population. Foreign-born residents account for 4.1% of the population in Alpine, MI, and this percentage has decreased by 36.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.7% | -2.8% |
% Black | 3.7% | -28.8% |
% Hispanic | 13.0% | 52.9% |
% Asian | 0.2% | -88.9% |
% Foreign Born | 4.1% | -36.9% |
Mortgage and Risk — Alpine, MI
According to HUD data as of 2023, there were 254 mortgage originations in Alpine, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Alpine, MI. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 254 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Alpine, MI
Alpine, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 165 |
Total Units Section 8 | 165 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,120 | $1,060 |
| 2 Bedroom | N/A | N/A | $1,270 |
| 3 Bedroom | -$200 | $1,850 | $1,650 |
| 4 Bedroom | -$710 | $2,520 | $1,810 |
Affordability — Alpine, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $334,000 |
| Median Household Income | $74,700 |