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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 $153,991, lower than the Illinois average of $300,242.
The average cost of rent is $648/mo in Alma, primarily driven by the current value of real estate in the Alma area. In Alma, 7.11% of households rent, and 47.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alma is $8,238 per month. Households that rent pay about 7.86% of their income on rent here. Alma’s most expensive areas are in the northern 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
- Tonti, IL: higher priced homes
- Brubaker, IL: less expensive homes
- Kinmundy, IL: equally priced homes
- Vernon, IL: equally priced homes
- Salem, IL: less expensive homes
- Patoka, IL: less expensive homes
- Omega, IL: higher priced homes
- St. Peter, IL: equally priced homes
- Selmaville, IL: less expensive homes
- Odin, IL: less expensive homes
Cities with Similar Populations
- Mexican Hat, UT: less expensive homes
- Organ, NM: higher priced homes
- Alta Vista, KS: equally priced homes
- Grenloch, NJ: higher priced homes
- Arrey, NM: higher priced homes
- Ashley, ND: less expensive homes
- Bairdford, PA: higher priced homes
- Westover, PA: less expensive homes
- Greenfield, PA: higher priced homes
- Deal Island, MD: higher priced homes
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