Housing in Alma, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$112,500
Median List Price
$161,315
Price Per Sq Ft
$105
Days on Market
76
Active Inventory
37
Months of Supply
6.2
Buyer's market
Zillow Home Value
$156,821
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
30.8%
Sale-to-List Ratio
93.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
14
Pending Sales
13
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$105
Median List $/SF
$136
Alma vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Alma is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$108,100
Median Rent
$791
Total Housing Units
3,838
Vacancy Rate
9.3%
Owner Occupied
64.1%
Renter Occupied
35.9%
Median Property Tax
$1,930
per year
Monthly Cost (w/ Mortgage)
$932
Housing Types
The current median sale price in Alma, MI is $112,500 according to Redfin data. Homes spend a median of 76 days on the market. 33.3% of homes sold above asking price. The market has 6.2 months of supply. The median price per square foot is $105. The median rent is $791 per month (Census ACS). About 64.1% of housing units are owner-occupied. The median year homes were built is 1962. There are 3,838 total housing units.