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 September 2026.
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ZIP codes in Alma, MI
Rental market data for every ZIP code in this micro area.