Alpena, MI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Alpena short-term rental market based on reliable data.

Listings

125 / 246

Reliable / Active

Cap Rate

14%

Middle-Earners Gross Yield

Revenue

$25,346

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$183,620

Median Home Sale Price

Top Earners

$47,831

Top-Earners Revenue

Alpena

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Alpena.

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A

Very Investor friendly

Alpena Regulations

Alpena explicitly allows STRs citywide under its rental registration program, with a simple, no-cost re-registration on sale and no visible occupancy caps, and the city tone is openly supportive. The process involves a pre‑occupancy inspection and an easy local‑agent requirement for out‑of‑area owners—straightforward steps that do not materially deter investment.

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About Alpena

Alpena ( al-PEE-nə) is a city in the U.S. state of Michigan. It is the county seat of Alpena County, and is the only city within the county. The population was 10,197 at the 2020 census, making it the third most populated city in the Northern Michigan region, after Traverse City and Cadillac. The city is surrounded by Alpena Township, but the two are administered autonomously. It is the core city of the Alpena micropolitan statistical area, which encompasses all of Alpena County and had a total population of 28,907 at the 2020 census.Alpena is located at the head of Thunder Bay, a bay of Lake Huron. Offshore of Alpena is the Thunder Bay National Marine Sanctuary, which protects an estimated 116 historically significant shipwrecks. Alpena is the third-largest American city on Lake Huron, behind Bay City and Port Huron.

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