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Affordable
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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 $157,244, lower than the Nebraska average of $252,353.
The average cost of rent is $724/mo in Alma, primarily driven by the current value of real estate in the Alma area. In Alma, 14.37% of households rent, and 56.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alma is $5,758 per month. Households that rent pay about 12.57% of their income on rent here. Alma’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Orleans, NE: equally priced homes
- Republican City, NE: equally priced homes
- Huntley, NE: less expensive homes
- Woodruff, KS: less expensive homes
- Naponee, NE: less expensive homes
- Mascot, NE: less expensive homes
- Stamford, NE: less expensive homes
- Long Island, KS: less expensive homes
- Ragan, NE: less expensive homes
- Bloomington, NE: less expensive homes
Cities with Similar Populations
- Qulin, MO: less expensive homes
- Adamsville, OH: equally priced homes
- Ravenna, KY: less expensive homes
- Burnett, WI: higher priced homes
- Pheba, MS: less expensive homes
- Springfield, TX: higher priced homes
- Olivehill, TN: less expensive homes
- Burt, NY: higher priced homes
- Buxton, NC: higher priced homes
- Beverly, WA: higher priced homes
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