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These days, finding an affordable place to live in the Alma area can be challenging. Home prices in Alma are now at a median cost of $205,174, lower than the Arkansas average of $207,061.
The average cost of rent is $944/mo in Alma, primarily driven by the current value of real estate in the Alma area. In Alma, 28.71% of households rent, and 43.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alma is $5,949 per month. Households that rent pay about 15.87% of their income on rent here. Alma’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dyer, AR: higher priced homes
- Kibler, AR: equally priced homes
- Rudy, AR: less expensive homes
- Van Buren, AR: equally priced homes
- Riverdale, AR: less expensive homes
- Mulberry, AR: less expensive homes
- Cedarville, AR: less expensive homes
- Dora, AR: equally priced homes
- Lavaca, AR: less expensive homes
- Central City, AR: less expensive homes
Cities with Similar Populations
- Holly Hill, FL: equally priced homes
- Colchester, CT: higher priced homes
- Palos Verdes Estates, CA: higher priced homes
- Paris, KY: higher priced homes
- Clinton, CT: higher priced homes
- Paw Paw, MI: higher priced homes
- Hopkins, SC: less expensive homes
- Chipley, FL: less expensive homes
- Polk City, FL: higher priced homes
- Poquoson, VA: higher priced homes
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