Market Overview
Home Prices in Alpena, AR
The median home value in Alpena, AR is $243,915 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alpena are priced41% below average. Alpena is part of the Harrison, AR metro area.
Over the past five years, Alpena home values have risen by approximately30.2%, reflecting strong long-term appreciation in this market.
Price History
Alpena Home Price Trend
City Comparison
Alpena vs. National Median
At $243,915, homes in Alpena cost 41% below the national median of $410,000. This makes Alpena a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alpena?
20% Down Payment
$48,783
on $243,915
Monthly P&I
$1,272/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,615/mo
incl. taxes & insurance
Income Needed
$64,600
gross annual (30% rule)
10% Down Option
$24,392
+ PMI applies
Loan Amount (20% dn)
$195,132
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alpena, AR?
The median home value in Alpena is $243,915 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Alpena?
Over the past year, home values in Alpena have increased by 0.8%. Over five years, prices have risen approximately 30.2%.
How much do I need to earn to buy a home in Alpena?
To comfortably afford the median home price of $243,915 with a 20% down payment ($48,783) at today's rates (6.8%), you'd need a gross annual income of approximately $64,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Alpena compare to the national average home price?
The national median home value is approximately $410,000. At $243,915, homes in Alpena are 41% below the national average.
What metro area is Alpena part of?
Alpena is part of the Harrison, AR metropolitan area. Home prices and market conditions can vary across the broader metro region.