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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Alpha, MI Housing Affordability Index

Alpha, Michigan has an MBR Housing Affordability Index score of 267.1 (Highly Affordable) as of October 30, 2026, ranking 2nd most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $34,100 home with 20% down, the Michigan average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $187, or 6% of the city’s $39,115 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Alpha is updated every night from live Michigan mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Alpha MBR-HAI 267.1 Highly Affordable
Rank in Michigan 2 of 629 1 = most affordable
Michigan 108.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Michigan lenders
Median home value $34,100 U.S. Census Bureau

Alpha is 158.4 points above the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Alpha Mortgage Rates

What It Takes to Buy in Alpha

$187/mo
Principal & Interest
Median home, 20% down, 7.31%
$8,000
Income Needed
To keep the payment at 28% of income
$39,115
Median Household Income
Michigan: $72,875
0.9x
Price-to-Income Ratio
Michigan: 3.2x
$486/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,654/yr
Median Property Tax
4.85% of median value
41.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
28.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Alpha, Michigan. The rate is the Michigan average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Alpha Ranks in Michigan

Cities with similar scores
#1Posen296.9
#2Alpha267.1
#3Ewen258.5 #4Hermansville249.2 #5Gaastra242.6
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Cite the Alpha Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Alpha, Michigan score: 267.1 (Highly Affordable), ranked 2 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/alpha”