The housing market in Alma, IL is thriving! The median value of homes is around $57,300 which is substantially lower than the US median value of $338,100. Moreover, over the past year, there has been an impressive 18.28% appreciation rate in Alma, IL compared to the US rate of 8.27%. This makes this small town a great option for those looking to buy or invest in property.
The median home cost in Alma is $57,300. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Alma is up 11.3%.
Average Age of Homes
- The median age of Alma real estate is 52 years old
The Rental Market in Alma
- Renters make up 30.1% 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.