A typical Krakow home is worth roughly $237,000
What kind of housing town is Krakow?
Read from the numbers below. The page puts what stands out first.
96% of Krakow households own their home
Half of Krakow’s homes were built before 1975.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 3.7 years of income
About the same as across Michigan. Try your own numbers below.
That covers a typical Krakow home, with $14K to spare.
A two-bedroom rents for about $1,100 a month here, $310 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Krakow’s typical property tax (0.84% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,100
Renters already here pay a median of $958, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Alpena County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Krakow vs. its neighbors
Krakow is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Krakow | $237K* | — | $1,100 | — | $64,375 |
| Presque Isle | $239K* | — | $1,310 | — | $94,412 |
| Posen | $211K | +8.4% | $970 | — | $56,719 |
| Maple Ridge | $166K* | −0.2%† | $970 | 3 | $65,096 |
| Presque Isle Harbor | $253K* | — | $1,330 | — | $102,692 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Krakow buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.