Housing in Alma, NY is an affordable option compared to the US median value. In Alma, the median value of homes is $103,000 while the US house median value is more than three times that at $338,100. Not only is the cost of housing significantly lower in Alma but it also has a higher appreciation rate over one year than the US average with a 9.23% growth rate compared to 8.27%. This makes Alma an excellent choice for those looking for an affordable and rapidly appreciating area to purchase a home.
The median home cost in Alma is $103,000. Home appreciation the last 10 years has been 57.3%. Home Appreciation in Alma is up 13.5%.
Average Age of Homes
- The median age of Alma real estate is 44 years old
The Rental Market in Alma
- Renters make up 10.6% 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.