The housing market in Alma, MI is a great investment opportunity for any potential homeowner. The median value of homes is much lower than the median value of homes in the United States, making it more affordable to purchase a home. Additionally, Alma has seen an increase in home appreciation over the last year at 8.98%, which is higher than the US 1-year appreciation rate of 8.27%. This indicates that Alma's housing market is stable and potentially a great investment for homeowners looking to get into the housing market.
The median home cost in Alma is $127,000. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Alma is up 12.2%.
Average Age of Homes
- The median age of Alma real estate is 59 years old
The Rental Market in Alma
- Renters make up 42.0% of the Alma population
- 1.2% 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.