Median price for residential apartment in Alma, MI as of Aug, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
65 Alma, MI 48801, USA apartments for sale
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.
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.
Rent vs. Own
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.
Housing Trends
How much does an apartment cost in Alma, MI 48801, USA
Average sale in Alma: $124,825 (-23.8%)
| Apartment Size | Aug | vs Last Month |
|---|---|---|
| Studio for sale | $146,633 | +38.3% |
| 1 bed for sale | $46,500 | N/A |
| 2 bed for sale | $109,966 | +7.2% |
| 3 bed for sale | $180,300 | +1.6% |
| 4+ bed for sale | $75,994 | -59.8% |
During Aug 2022, the average price for an apartment in/near Alma, MI decreased by 23.8% to $124,825.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $46,500 with no changes this month. Asking price for 2-bed apartment also increased by 7.2% and a place of this size will now cost you $109,966. A 3-bed apartment goes for $180,300, it increased by 1.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 59.8% and made it down to $75,994.
| Listing Type | Aug | vs Last Month |
|---|---|---|
| Houses for sale | $162,279 | -3.2% |
| Duplexes for sale | $146,633 | +38.3% |
| Land for sale | $50,646 | -73.3% |
Price reports demonstrate that house price decreased by 3.2% this month making it up to $162,279. You can now purchase a duplex for just $146,633, duplex price increased by 38.3% this month.