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Alma, MI Real Estate


According to census data in the year 2000 there were 3,485 housing units in Alma. This represents a 5.4% growth from 3,307 in 1990.

Of those housing units, 3,474 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.

Homeownership rate in Alma is about 62.6%. Alma's vacancy rate, including seasonal lodging, is about 7.3%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Alma were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom15.70%
Two Bedrooms30%
Three Bedrooms33.90%
Four Bedrooms16.20%
Five Bedrooms or more3.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1951
Median Value of occupied units$72,500
Median Price asked for vacant units$97,500

Rented Homes, Apartments and Condos

Average Household Size1.88
Median year structure was built1973
Median Monthly Rent asked for vacant units$386

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.50%
Home Equity Loan6.30%
Simple Mortgage52.90%
Debt Free34.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%