Algonac, MI
Full City Profile · Michigan · Macomb County County
3.3
/5.0
B
Good
4,152
Population
2,924/sq mi density
$49,738
Median Income
$28,659 per capita
$177,200
Home Value
$264,772 Zillow
$923
Median Rent
38.1% income on rent
49°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$49,738 median income, 6.6% unemployment
A+
Affordability
4.7 / 5.0
$177,200 home value, $923/mo rent
C
Education
2.3 / 5.0
16.0% bachelor's degree or higher
Housing Overview
Median Home Value
$177,200
37% below
US avg: $281,900
Median Rent
$923/mo
21% below
US avg: $1,163/mo
Homeownership Rate
69.9%
7% above US avg (65.4%)
Total Housing Units
1,948
Median year built: 1967
Home Value by Source
Census Median
$177,200
Zillow (ZHVI)
$264,772
Redfin Median Sale
$300,000
Median Sale Price
$300,000
Median List Price
$299,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.9%
Owner-Occupied
30.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$923/mo
Market Indicators (Redfin)
Median Sale Price
$300,000
Median Days on Market
65 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
12.5%
of listings with price reduction
Price Per Sq Ft
$207
Active Inventory
8
homes for sale
Affordability & Housing Stock
Rent Burden
38.1%
of renters spending 30%+ of income on housing
23% above US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
69.9%
Complete Housing Data
Home Values
| Census Median Value | $177,200 |
| Zillow Home Value (ZHVI) | $264,772 |
| Redfin Median Sale | $300,000 |
| Median Sale Price | $300,000 |
| Median List Price | $299,900 |
| Price Per Sq Ft | $207 |
Rent
| Census Median Rent | $923 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 65 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 12.5% |
| Homes Sold | 5 |
| Active Inventory | 8 |
| Price Per Sq Ft | $207 |
Ownership & Stock
| Owner-Occupied | 69.9% |
| Renter-Occupied | 30.1% |
| Homeownership Rate | 69.9% |
| Total Housing Units | 1,948 |
| Median Year Built | 1967 |
| Rent Burden | 38.1% |