Zip 48801 (Alma, MI) Housing

The housing market in 48801 Alma, MI is quite robust. The median value of a home in the area is $122,800, which is significantly lower than the US average of $338,100. However, over the past year, homes in this area have appreciated at a rate of 8.98%, slightly higher than the US average of 8.27%. This shows that homes in 48801 Alma are an attractive investment option for potential homeowners and investors alike.

The median home cost in Alma (zip 48801) is $122,800. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Alma (zip 48801) is up 12.2%.

Average Age of Homes

- The median age of Alma (zip 48801) real estate is 53 years old

The Rental Market in Alma (zip 48801)

- Renters make up 33.7% of the Alma (zip 48801) population
- 0.8% of houses and apartments in Alma (zip 48801), 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
	5,571.0	139,647,020.0
	57	42
	$122,800	$338,100
	12.2%	16.6%
	50.1%	57.0%
	96.0%	101.1%
	$14.10	$10.98
	$1,666	$2,690
	62.2%	57.4%
	7.0%	11.2%
	30.8%	31.4%
Vacant Housing
	0.8%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.8%	0.4%
	1.7%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	7.5%	2.4%
	10.2%	2.8%
	15.2%	3.9%
	18.2%	4.5%
	14.5%	11.3%
	13.0%	13.0%
	12.0%	20.1%
	2.6%	13.6%
	0.6%	8.3%
	0.8%	9.7%
	1.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	13.0%	13.6%
	7.0%	13.2%
	16.2%	14.8%
	13.0%	13.6%
	17.0%	10.0%
	10.3%	4.7%
	18.8%	12.2%

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