Foreclosure Homes in Alma, MI

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5 View this home at Moyer Ave Alma MI 48801
$74,481 EMV
Moyer Ave
Alma, MI 48801
EST. RENT: $1,540
AUCTION: 05-09-2024
5 View this home at N Winans Rd Alma MI 48801
$138,559 EMV
N Winans Rd
Alma, MI 48801
4 |
EST. RENT: $1,080
AUCTION: 04-18-2024
4 |
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Alma, MI Foreclosures

How much do homes sell for in Alma, MI?
The average home price is currently $157,516.
In Alma, MI, how many homes are available?
There are currently 3,755 active home listings available in Alma.
What’s the average rental cost in Alma, MI?
The average rental price in Alma is $1,465.
What is the most expensive home in Alma, Michigan?
The most expensive home sold in Alma had a price of $1,835,714.
What is currently the cheapest priced home in Alma, MI?
The cheapest home for sale in Alma is priced at $17,642.

Home Value Estimator For Alma, MI

There are currently 3,755 real estate properties in Alma, MI, with a median automated valuation model (AVM) price of $129,045.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Alma, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Alma, MI, is $157,516.00, with the most expensive house in Alma, MI, topping out at $1,835,714.00 and the cheapest home in Alma, MI, clocking in at $17,642.00. In other words, there’s something for every potential homebuyer or savvy investor in Alma, MI!

Rent Prices In Alma, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Alma, MI, is on a rollercoaster ride. The average rent price in Alma, MI, is $1,465.00. Indeed, when looking to rent in Alma, MI, you can expect to pay as little as $710.00 or as much as $2,800.00, with the average rent median estimated to be $1,470.00. The good news is that finding an affordable and desirable property to rent in Alma, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Alma, MI In 2024

Alma is located in Gratiot, Michigan, with an estimated municipal population of 8,890 residents. All of the best foreclosed homes for sale in Alma are located in the following zip code areas on 48801. The estimated population per square kilometer (.62 miles) in Alma is 582.

Cost Of Living In Alma, MI

So, about how much do homes cost in Alma? The most recent median value of resident-owned homes in Alma is 84,289. An estimated 56.9 percent of households in Alma own their homes, with an average family size of 2.68. The median household income in Alma is 36,408, with9.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Alma, the median commute time of resident workers (in minutes) is 17.9. And last, but certainly not least, are you looking for homes to rent in Alma? If so, the average rent price paid by renters in Alma is 655, according to recent statistics.

Diversity And Demographics In Alma, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Alma, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Alma is 30.8, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in Alma is 34, with an average family size of 2.68.

The percentage of residents who report their race in Alma is as follows:

White 95%
Black / African American 2.8%
Asian 0.6%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.9%
Other 0%

Looking for family-friendly neighborhoods in and/or near Alma? Or maybe you are searching for 55+ active adult communities in and/or near Alma?

The percentage of residents who report their age in Alma is as follows:

Under 10 13%
Aged 10-19 14.9%
20s 20.4%
30s 11.2%
40s 6.3%
50s 12%
60s 9.9%
70s 6.4%
80+ 5.8%

Best Schools In Alma, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Alma with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Alma.

Pros And Cons Of Living In Alma, Michigan

How do you know that living in -- or moving to -- Alma is right where you need to be? Perhaps you grew up in Alma or already live nearby; therefore, the decision to buy a home in Alma is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Alma for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Alma:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Alma.

Reasons To Move To Alma, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Alma can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Alma, meanwhile, can field multiple offers from more qualified buyers.

Alma, MI Foreclosures


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