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Alma, MI

Full City Profile · Michigan · Gratiot County County

3.1 /5.0
B Good
9,421 Population 1,575/sq mi density
$50,506 Median Income $26,194 per capita
$108,100 Home Value $158,260 Zillow
$791 Median Rent 31.9% income on rent
47°F Avg Temperature 260 sunny days/yr
226 Violent Crime/100K 1,229 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$50,506 median income, 4.3% unemployment
A+
Affordability
5.0 / 5.0
$108,100 home value, $791/mo rent
F
Safety
1.0 / 5.0
226 violent crimes/100K
B
Education
3.3 / 5.0
28.5% bachelor's degree or higher

Housing Overview

Median Home Value
$108,100
62% below
US avg: $281,900
Median Rent
$791/mo
32% below
US avg: $1,163/mo
Homeownership Rate
64.1%
2% below US avg (65.4%)
Total Housing Units
3,797
Median year built: 1961

Home Value by Source

Census Median
$108,100
Zillow (ZHVI)
$158,260
Median Sale Price
$124,000
Median List Price
$149,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

64.1%
Owner-Occupied
35.9%
Renter-Occupied
64%
36%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $791/mo

Market Indicators (Redfin)

Median Days on Market
71 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
9
Price Drops
23.7%
of listings with price reduction
Price Per Sq Ft
$117
Active Inventory
38
homes for sale

Affordability & Housing Stock

Rent Burden
31.9%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1961
Average age of housing stock: 65 years
Homeownership Rate
64.1%

Complete Housing Data

Home Values

Census Median Value$108,100
Zillow Home Value (ZHVI)$158,260
Median Sale Price$124,000
Median List Price$149,950
Price Per Sq Ft$117

Rent

Census Median Rent$791
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market71
Sale-to-List Ratio0.9%
Price Drops23.7%
Homes Sold9
Active Inventory38
Price Per Sq Ft$117

Ownership & Stock

Owner-Occupied64.1%
Renter-Occupied35.9%
Homeownership Rate64.1%
Total Housing Units3,797
Median Year Built1961
Rent Burden31.9%