Home Price Key
Affordable
Average
Expensive
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 $100,320, lower than the Michigan average of $196,062.
The average cost of rent is $672/mo in Alma, primarily driven by the current value of real estate in the Alma area. While nearly 38.77% of residents own their homes outright in Alma, 40.90% rent.
Housing affordability isn’t just about home prices, though. The average household income in Alma is $3,948 per month. Households that rent pay about 17.01% of their income on rent here. Alma's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- St. Louis, MI: equally priced homes
- Elwell, MI: equally priced homes
- North Star, MI: higher priced homes
- Ithaca, MI: higher priced homes
- Riverdale, MI: equally priced homes
- Sumner, MI: higher priced homes
- Strickland, MI: equally priced homes
- Elm Hall, MI: equally priced homes
- Breckenridge, MI: higher priced homes
- New Haven Center, MI: higher priced homes
Cities with Similar Populations
- Manhattan, IL: higher priced homes
- Hurricane, WV: higher priced homes
- Banta, CA: higher priced homes
- Signal Hill, CA: higher priced homes
- New Haven, MI: higher priced homes
- Nantucket, MA: higher priced homes
- Waupun, WI: higher priced homes
- Skiatook, OK: higher priced homes
- Kalaoa, HI: higher priced homes
- Solana Beach, CA: higher priced homes
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