House Prices

House Prices & Home Values Alpha, MI 2026


Average Data

average house price$52,034
average size per house1325 ft²
average price per ft²40 $ / ft²

04/21/2026 - The value range (VR) for house prices in Alpha, MI is $39/ sqft to $39/ sqft. An average home with 1325 sqft costs approximately $51,675 to $51,675. Alpha, MI includes 1 ZIP codes and it is located in Iron county. The lowest prices are found in ZIP 49902, while the highest are in ZIP 49902. The average price per sqare feet is $40. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Alpha

4990240 $ / ft²




Historical development of home values in Alpha

Year Estimated value (USD) Change vs. 2025
2010 $24,166 -53.6%
2011 $23,231 -55.4%
2012 $23,168 -55.5%
2013 $24,034 -53.8%
2014 $25,230 -51.5%
2015 $26,524 -49.0%
2016 $27,909 -46.4%
2017 $29,415 -43.5%
2018 $31,041 -40.3%
2019 $32,481 -37.6%
2020 $34,160 -34.4%
2021 $38,853 -25.3%
2022 $45,294 -13.0%
2023 $47,764 -8.2%
2024 $50,528 -2.9%
2025 $52,034 0.0%

Graph: estimated home values in Alpha over time (USD)



Example: 100% financing house in Alpha

Loan amount: $52,034

Interest rate: 6.00%

Fixed monthly payment: $311.97

Breakdown in the 1st month:
Interest portion: $260.17  –  Principal portion: $51.80

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $3,104.66 $638.98 $51,395.02
2 $3,065.25 $678.39 $50,716.62
3 $3,023.40 $720.24 $49,996.39
4 $2,978.98 $764.66 $49,231.73
5 $2,931.82 $811.82 $48,419.90
6 $2,881.75 $861.89 $47,558.01
7 $2,828.59 $915.05 $46,642.96
8 $2,772.15 $971.49 $45,671.47
9 $2,712.23 $1,031.41 $44,640.06
10 $2,648.62 $1,095.03 $43,545.03
11 $2,581.08 $1,162.56 $42,382.47
12 $2,509.37 $1,234.27 $41,148.20
13 $2,433.25 $1,310.40 $39,837.80
14 $2,352.42 $1,391.22 $38,446.58
15 $2,266.62 $1,477.03 $36,969.56
16 $2,175.52 $1,568.13 $35,401.43
17 $2,078.80 $1,664.84 $33,736.59
18 $1,976.11 $1,767.53 $31,969.06
19 $1,867.10 $1,876.55 $30,092.51
20 $1,751.35 $1,992.29 $28,100.23
21 $1,628.48 $2,115.17 $25,985.06
22 $1,498.02 $2,245.63 $23,739.43
23 $1,359.51 $2,384.13 $21,355.30
24 $1,212.46 $2,531.18 $18,824.13
25 $1,056.35 $2,687.30 $16,136.83
26 $890.60 $2,853.04 $13,283.79
27 $714.63 $3,029.01 $10,254.77
28 $527.81 $3,215.83 $7,038.94
29 $329.46 $3,414.18 $3,624.76
30 $118.88 $3,624.76 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Alpha, MI


1500 sqft3900 sqft
Ø selling price$72,600$154,440
Ø fast selling$66,000$138,997
Ø high price sale$79,200$169,884

In 2026, houses in Alpha, MI will be offered at an average price of $40 per square foot. A 1,500 sqft home priced at $72,600 is 23.14% more expensive per square foot than a 3,900 sqft home priced at $154,440. Home prices in Alpha, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $106,921. Sellers who can wait longer may achieve a higher price of up to $130,681.


Explore Alpha, MI

Discover Alpha, MI, a small village in Iron County on Michigan?s Upper Peninsula, known for its quiet charm and mining heritage.

History & Character

Founded during the early 20th-century iron boom, Alpha preserves a rich iron mining legacy in its buildings and streets. The village features a distinctive circular center and a historic district that reward leisurely walks and photos.

Outdoor Recreation

Surrounded by forests and lakes, Alpha offers year-round outdoor recreation from hiking and fishing to snowshoeing and snowmobiling.
Nearby public lands like the Ottawa National Forest and regional trail systems invite paddling, wildlife watching, and scenic day trips.

Community & Amenities

Residents enjoy a close-knit community vibe, with local events that celebrate seasonal traditions and small-town pride.
Cozy shops, cafes, and friendly services welcome Upper Peninsula travelers while supporting everyday needs for locals.

Attractions & Access

From Alpha, it?s an easy drive to Crystal Falls and Iron River for museums, dining, and additional amenities. Photographers and cyclists love the area?s quiet roads, waterfalls, and brilliant fall color routes.

Living in Alpha

Affordable real estate and character-filled homes make Alpha, MI appealing for buyers seeking authentic small-town living in northern Michigan.



FAQ – Home Values in Alpha

What is the median home value in Alpha in 2026?

In 2026, the typical home value in Alpha is about $52,034 for an average home size of 1325 square feet. This corresponds to an average price of roughly $40 per square foot.

What is the average cost per square foot in Alpha?

In 2026, homes in Alpha sell for an average of around $40 per square foot, with a typical range between $39 and $39 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Alpha is about 1325 square feet, with an estimated 2026 value around $52,034.



Locations close to Alpha, MI

Amasa, MI294 $ / ft²
Atlantic Mine, MI42 $ / ft²
Baraga, MI89 $ / ft²
Ahmeek, MI42 $ / ft²
Wilson, MI223 $ / ft²
Wetmore, MI104 $ / ft²
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