What the Pros Know

8,757

Population

0.2% YoY

2023

44.5

Median Age

9.7% YoY

2022

$55,528

Median Household Income

13.7% YoY

2022

3,745

Labor Force

1.5% MoM

3.5% YoY

7/2024

3,473

Employed

1.4% MoM

2.8% YoY

7/2024

7.3%

Unemployment Rate

1.4% MoM

9% YoY

7/2024

$257,000

Median Sale Price

2.8% MoM

18.3% YoY

8/2024

10

Homes Sold

28.6% MoM

50.0% YoY

8/2024

6.3

Months Inventory

40% MoM

81.4% YoY

8/2024

78

Days on Market

33 MoM

26 YoY

8/2024

63

Listings

0.0% MoM

6.0% YoY

8/2024

92.5%

Sale Price to List Price

5.8% MoM

1.0% YoY

8/2024

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Cities included in Alger County: Munising, Grand Marais, Chatham


Zip Codes included in Alger County: [Click for zip code level data] 49806, 49816, 49822, 49825, 49826, 49839, 49862, 49884, 49891


 1.  Population Data from U.S. Census Bureau.
 2.  Employment Data from Bureau of Labor and Statistics
 3.  Sales Data provided by Redfin, a national real estate brokerage.

MoM = Month over Month. The percentage change from the previous month to the current month.
YoY = Year over Year. The percentage change from the same period the previous year to the current period.

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