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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 $312,711, lower than the Texas average of $322,096.
The average cost of rent is $855/mo in Alma, primarily driven by the current value of real estate in the Alma area. In Alma, 17.82% of households rent, and 41.74% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alma is $5,900 per month. Households that rent pay about 14.49% of their income on rent here. Alma’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rice, TX: less expensive homes
- Ensign, TX: equally priced homes
- Ennis, TX: less expensive homes
- Byrd, TX: less expensive homes
- Chatfield, TX: less expensive homes
- Crisp, TX: equally priced homes
- Garrett, TX: equally priced homes
- Bardwell, TX: less expensive homes
- Emhouse, TX: less expensive homes
- Roane, TX: less expensive homes
Cities with Similar Populations
- Makaha, HI: higher priced homes
- Payne Beach, NY: less expensive homes
- Alder Creek, NY: less expensive homes
- Lincoln, WA: higher priced homes
- Vertrees, KY: less expensive homes
- Hatton, KY: less expensive homes
- Combs, AR: less expensive homes
- Custar, OH: less expensive homes
- Curlew, WA: equally priced homes
- Rarden, OH: less expensive homes
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