The housing market in Alma, AR is thriving as evidenced by the median house value which is currently at $206,600. This is much lower than the US median house value of $338,100. However, the one year appreciation rate for Alma's housing market was 13.61%, which is higher than the 8.27% national average for one year house appreciation. This suggests that Alma's housing market is growing stronger and more desirable to potential buyers and renters alike.
The median home cost in Alma is $206,600. Home appreciation the last 10 years has been 65.3%. Home Appreciation in Alma is up 18.5%.
Average Age of Homes
- The median age of Alma real estate is 27 years old
The Rental Market in Alma
- Renters make up 35.8% of the Alma population
- 10.3% of houses and apartments in Alma, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.