Alma Metro Area, MI Housing

The housing market in the Alma, MI Metro Area is flourishing; with a median value of $133,200 it is much lower than the national average of $338,100. This makes it an attractive option for those looking to purchase a home. In addition, the area has seen an impressive 9.08% house appreciation over the past year - greater than the US average of 8.27%. With its competitive pricing and strong market conditions, this area is sure to remain popular among potential buyers.

The median home cost in Alma Metro Area is $133,200. Home appreciation the last 10 years has been 93.9%. Home Appreciation in Alma Metro Area is up 12.6%.

Average Age of Homes

- The median age of Alma Metro Area real estate is 53 years old

The Rental Market in Alma Metro Area

- Renters make up 23.2% of the Alma Metro Area population
- 0.7% of houses and apartments in Alma Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Alma, Michigan	United States
	16,057.0	139,647,020.0
	57	42
	$133,200	$338,100
	12.6%	16.6%
	50.9%	57.0%
	93.9%	101.1%
	$14.10	$10.98
	$1,490	$2,690
	71.3%	57.4%
	7.5%	11.2%
	21.3%	31.4%
Vacant Housing
	0.7%	1.9%
	0.5%	0.4%
	0.5%	0.7%
	0.5%	0.4%
	1.7%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	6.4%	2.4%
	7.9%	2.8%
	13.6%	3.9%
	15.8%	4.5%
	20.1%	11.3%
	14.8%	13.0%
	11.0%	20.1%
	3.5%	13.6%
	1.0%	8.3%
	1.5%	9.7%
	0.6%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.7%	13.6%
	6.7%	13.6%
	11.8%	13.6%
	9.2%	13.2%
	13.0%	14.8%
	11.8%	13.6%
	13.6%	10.0%
	8.7%	4.7%
	22.6%	12.2%

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