Housing in Alma, MN is proving to be a strong investment, with the median house value standing at $274,600 which is lower than the national average of $338,100. Over the last year appreciation for houses in Alma has outpaced the national average, with an appreciation rate of 9.54% compared to 8.27% nationally. This shows that those looking for a good investment in housing should consider Alma, MN as an option due to its relatively lower prices and higher appreciation rates.
The median home cost in Alma is $274,600. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Alma is up 14.7%.
Average Age of Homes
- The median age of Alma real estate is 42 years old
The Rental Market in Alma
- Renters make up 4.8% of the Alma population
- 0.0% 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.