Median price for residential apartments in as of Aug, 2021.
Remember to negotiate your price according to median sale prices. Also, take into account that the price depends on the size/amenities of the apartment.
86 Alma, MI 48801, USA apartments for sale
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$167,500
View PhotosResidential, 2 Story
728 Gratiot Avenue, Alma, MI 48801, USA
4 Bed
3 Bath
2,590 Sq Ft
Alma
According to statistics, the population in Alma, MI amounts to 9,108, which shows decline -1% compared to the previous year. The median age of the city’s residents is 31. The average household income is $33,090, shifting decline -6% from the past year, and the average property value in Alma, MI growth 5% to $84,000 throughout the year.
| Population | 9,108 |
| Median Age | 30.7 |
| Poverty Rate | 31% |
| Household Income | $33,090 |
| Number Of Employees | 3,636 |
| Median Property Value | $84,000 |
Household Income
The average household income in Alma, MI declined from $35,134 to $33,090 in the past year. This data is an estimate based upon 3,529 households in Alma, MI . The chart below presents how household income is distributed in Alma, MI in comparison to the revenue allocation amid households nationally.
- USA
- Alma, MI
Property Value
According to data from last year, the average property value in Alma, MI shifted from $79,700 to $84,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Alma, MI in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Alma, MI properties falls in the '$80,000 to $89,999' range, which is lower than the most significant median property across the country.
- USA
- Alma, MI
Rent vs. Own
- Rent57%
- Own43%
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Alma, MI compared to median property taxes around the country. The prevalent amount of property taxes in Alma, MI equals $1150, which is less than the national average.
- USA
- Alma, MI
Housing Trends
Alma, MI 48801, USA Housing Trends
Average sale in Alma: $151,266 (+30.2%)
| Apartment Size | Aug | vs Last Month |
|---|---|---|
| 2 bed apartments | $46,450 | N/A |
| 3 bed apartments | $124,900 | +63.3% |
| 4+ bed apartments | $164,450 | +2.2% |
During Aug 2021, the average price for an apartment in/near Alma, MI increased by 30.2% to $151,266.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $46,450. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $124,900. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $164,450 for a big-family home.
| Listing Type | Aug | vs Last Month |
|---|---|---|
| Houses for sale | $151,266 | +30.2% |
According to statistics, average house is still $151,266 with no significant changes this month.
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