HomeInsuranceQts

Home Insurance in Alpena, Michigan

The median home value in Alpena is $118,700, 23% lower than the Alpena County median.

Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Alpena was built around 1955. About 59% of homes were built before 1960, about 21 points above Alpena County's 39%.

Housing in Alpena breaks down to 70% single-family homes and 14% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.

47% of owner-occupied homes in Alpena carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.

Alpena has an owner-occupancy rate of 66% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.

Most homes in Alpena - 80% - are primarily heated with natural gas.

FEMA rates Alpena County's overall risk as Very Low, led by inland flooding (Relatively Low). Alpena County had 50 active NFIP flood policies as of September 2026. See the full Alpena County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.

In Michigan, the statewide average premium for a standard HO-3 homeowners policy is $1,110 per year (NAIC, 2023 data).

Key figures

Median home value$118,700
Median year built1955
Owner-occupied share66%
Share of owner-occupied homes with a mortgage47%
Top county hazardInland Flooding (Relatively Low)
Active NFIP policies in Alpena County50
Home insurance premium$1,110 - statewide average (NAIC, 2023 data)
Key home insurance figures for Alpena, MI

Nearby towns

Sources

Data last updated: 2026-09-29