Market Overview
Home Prices in Alger, MI
The median home value in Alger, MI is $157,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.9% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alger are priced62% below average.
Over the past five years, Alger home values have risen by approximately20.7%, reflecting strong long-term appreciation in this market.
Price History
Alger Home Price Trend
2020
$120,336
$120K
—
2021
$130,728
$131K
+8.6%
2022
$139,189
$139K
+6.5%
2023
$135,257
$135K
-2.8%
2024
$137,954
$138K
+2.0%
2025
$143,465
$143K
+4.0%
2026
$157,724
$158K
+9.9%
City Comparison
Alger vs. National Median
🏠 Alger
$157,724
National Median
$410,000
At $157,724, homes in Alger cost 62% below the national median of $410,000. This makes Alger a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alger?
20% Down Payment
$31,545
on $157,724
Monthly P&I
$823/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,045/mo
incl. taxes & insurance
Income Needed
$41,800
gross annual (30% rule)
10% Down Option
$15,772
+ PMI applies
Loan Amount (20% dn)
$126,179
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 Alger, MI?
The median home value in Alger is $157,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.9% year-over-year.
How much have home prices changed in Alger?
Over the past year, home values in Alger have increased by 9.9%. Over five years, prices have risen approximately 20.7%.
How much do I need to earn to buy a home in Alger?
To comfortably afford the median home price of $157,724 with a 20% down payment ($31,545) at today's rates (6.8%), you'd need a gross annual income of approximately $41,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Alger compare to the national average home price?
The national median home value is approximately $410,000. At $157,724, homes in Alger are 62% below the national average.