Alma, MI

Alma, MI real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.

Appreciation

: 3.5%/yr.

Rent growth

: 2.9%/yr.

Median cap rate

: 2.8%.

Median IRR

: 2.1%.

Median rental home value

: $154,400.

Median rental rate

: $834/mo.

Median property tax

: $1,826/yr.

Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated October 2026.

Browse analyzed properties in Alma, MI →

Top listings right now

214 S Pine St, Saint Louis, MI 48880 $125,000· 4 bd· 2 ba
214 N Grover Ave, Alma, MI 48801 $119,900· 2 bd· 1 ba
301 Gratiot Ave, Alma, MI 48801 $134,900· 3 bd· 2.5 ba
1117 Michigan Ave, Alma, MI 48801 $125,000· 2 bd· 0 ba
711 Francisco Ave, Alma, MI 48801 $147,500· 4 bd· 1 ba
527 Teman St, Saint Louis, MI 48880 $114,900· 1 bd· 1 ba
1035 Fairview Ave, Alma, MI 48801 $114,000· 2 bd· 1 ba
348 N Grover Ave, Alma, MI 48801 $132,000· 2 bd· 1 ba
221 W Center St, Alma, MI 48801 $145,900· 4 bd· 2 ba
612 Liberty St, Alma, MI 48801 $139,000· 2 bd· 1 ba
307 S East St, Saint Louis, MI 48880 $249,900· 5 bd· 2 ba
1325 W Grant Rd, Perrinton, MI 48871 $225,000· 3 bd· 2 ba
505 Eaton St, Breckenridge, MI 48615 $295,900· 3 bd· 1.5 ba
101 River Ct, Saint Louis, MI 48880 $264,900· 4 bd· 2 ba
9918 Highland Dr, Perrinton, MI $189,900· 4 bd· 2 ba
610 E Center St, Ithaca, MI 48847 $175,000· 4 bd· 2 ba
115 E Emerson St, Ithaca, MI 48847 $197,000· 4 bd· 2.5 ba
5142 N State Rd, Alma, MI 48801 $340,000· 4 bd· 3 ba
229 S Jeffery Ave, Ithaca, MI 48847 $215,000· 4 bd· 3 ba
230 N Union St, Ithaca, MI 48847 $259,900· 4 bd· 2 ba

ZIP codes in Alma, MI

Rental market data for every ZIP code in this micro area.