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Foreclosure Homes in Alma, MI 48801

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Alma, MI Foreclosures

How much do homes sell for in Alma, MI?
The average home price is currently $185,133.
In Alma, MI, how many homes are available?
There are currently 22 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?
The most expensive home sold in Alma had a price of $2,291,412.
What is currently the cheapest priced home in Alma, MI?
The cheapest home for sale in Alma is priced at $11,196.

Living in Alma, MI

Alma, MI, is a picturesque college town known for its warm community atmosphere and vibrant local culture. The presence of Alma College enriches the city with educational opportunities and activities, while residents enjoy various parks and recreational options. A perfect place for families and nature lovers, Alma combines small-town charm with a lively spirit.

Current Market Conditions in Alma, MI

Alma's real estate market is currently experiencing mild but steady growth. Homes are selling at a moderate pace, with the average days on the market decreasing slightly as buyer interest increases. The affordable housing prices relative to nearby cities make Alma an attractive destination for first-time buyers and investors alike.

Recent trends indicate a rise in interest for homes near Alma College, as students and faculty look for nearby rentals and properties. Single-family homes show a particularly strong demand, reflecting a growing desire for residential living in close proximity to the college.

Home Value Estimator For Alma, MI

There are currently 4,187 real estate properties in Alma, MI, with a median automated valuation model (AVM) price of $152,216.00. 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 $185,133.00, with the most expensive house in Alma, MI, topping out at $2,291,412.00 and the cheapest home in Alma, MI, clocking in at $11,196.00. 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.

Alma, MI 48801 Foreclosures


Market Trend for Alma, MI

Total Listings Available: 22

Market Values:

Home Prices from $11,196 to $2,291,412

Average Sales Price: $185,133

Rental Values:

Rental from $710 to $2,800

Average Rent Value: $1,465 / month

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