Alabaster, MI housing market
Home prices around Alabaster have risen about 58% over the past 5 years.
Home values, sales, trends and how Alabaster compares with the towns next door — updated as new data is published.
Home prices up 58% in 5 years
The federal house price index for the ZIP code around Alabaster rose 58% over the past 5 years, faster than across Michigan (52%). Last year prices fell 2.9%.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | −2.9% | +124% | +97% |
| 2024 | +14% | +130% | +88% |
| 2023 | +6.3% | +102% | +76% |
| 2022 | +23% | +90% | +64% |
| 2021 | +8.9% | +54% | +45% |
| 2020 | +7.5% | +41% | +30% |
| 2019 | +7% | +31% | +26% |
| 2018 | +1.9% | +23% | +20% |
| 2017 | +3.9% | +21% | +12% |
| 2016 | +4.2% | +16% | +5.3% |
| 2015 | +6.5% | +11% | 0% |
| 2014 | +5.9% | +4.5% | −4.7% |
| 2013 | −3.1% | −1.3% | −12% |
| 2012 | −2.3% | +1.8% | −16% |
| 2011 | −0.8% | +4.2% | −16% |
| 2010 | −9.6% | +5% | −12% |
| 2009 | −5.7% | +16% | −5% |
| 2008 | −8.1% | +23% | +3.5% |
| 2007 | +0.3% | +34% | +11% |
| 2006 | −1.4% | +34% | +16% |
| 2005 | +7.2% | +36% | +18% |
| 2004 | +7% | +26% | +14% |
| 2003 | +3.5% | +18% | +10% |
| 2002 | +2.2% | +14% | +8.3% |
| 2001 | +12% | +12% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 48763, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Alabaster and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2008 | Median income |
|---|---|---|---|---|
| Alabaster | −2.9%† | $1,090 | — | $78,125 |
| Tawas | −2.8%† | $1,090 | — | $59,531 |
| Whitney | −1.2%† | $1,000 | 0 | $61,875 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,090
HUD's Fair Market Rent for a two-bedroom in Alabaster is $1,090 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Alabaster pay a median of $880, so moving in tends to cost more than staying put.
Studio $910 · 4 bedrooms $1,820
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48763; Arenac County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.