Algonac, Michigan is a charming small city situated along the riverfront in St. Clair County. With a population of approximately 4,100 residents, Algonac offers a tight-knit community atmosphere that appeals to families and individuals looking for a peaceful place to live. The median age in the city is around 48, indicating a mature community that values stability and quality of life. Algonac is known for its beautiful waterfront views, recreational activities, and friendly neighbors, making it an attractive destination for both new residents and visitors alike.
The economic landscape of Algonac is reflective of its small-town charm, with a median household income of approximately $49,700, which is below the state average. Despite this, the real estate market in Algonac is quite active and leans towards sellers. The median sold home prices range from about $220,000 to $255,000, with homes often going pending within 3 to 4 weeks of being listed. This trend indicates a strong demand for housing in the area, especially as the community continues to grow and attract new residents.
Recent trends in the real estate market show a significant rise in property values, with realtor.com reporting that median listing prices reached nearly $315,000 in late 2024, marking an impressive increase of over 30% year-over-year. This surge in prices can be attributed to limited inventory and high demand, as many potential buyers are drawn to the unique charm and amenities that Algonac has to offer. As the market continues to evolve, it remains an exciting time for both buyers and sellers in Algonac.
Whether you are considering relocating or just visiting, Algonac is a wonderful place to experience the beauty of Michigan's riverfront. We invite you to explore all that our community has to offer!