House Prices

House Prices & Home Values Alma, MI 2026


Average Data

average house price$249,900
average size per house2080 ft²
average price per ft²121 $ / ft²

04/22/2026 - The value range (VR) for house prices in Alma, MI is $120/ sqft to $120/ sqft. An average home with 2080 sqft costs approximately $249,600 to $249,600. Alma, MI includes 1 ZIP codes and it is located in Gratiot county. The lowest prices are found in ZIP 48801, while the highest are in ZIP 48801. The average price per sqare feet is $121. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Alma

48801119 $ / ft²




Historical development of home values in Alma

Year Estimated value (USD) Change vs. 2025
2010 $116,058 -53.6%
2011 $111,570 -55.4%
2012 $111,270 -55.5%
2013 $115,429 -53.8%
2014 $121,168 -51.5%
2015 $127,387 -49.0%
2016 $134,035 -46.4%
2017 $141,269 -43.5%
2018 $149,080 -40.3%
2019 $155,992 -37.6%
2020 $164,056 -34.4%
2021 $186,596 -25.3%
2022 $217,529 -13.0%
2023 $229,395 -8.2%
2024 $242,666 -2.9%
2025 $249,900 0.0%

Graph: estimated home values in Alma over time (USD)



Example: 100% financing house in Alma

Loan amount: $249,900

Interest rate: 6.00%

Fixed monthly payment: $1,498.28

Breakdown in the 1st month:
Interest portion: $1,249.50  –  Principal portion: $248.78

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,910.52 $3,068.80 $246,831.20
2 $14,721.24 $3,258.08 $243,573.12
3 $14,520.29 $3,459.03 $240,114.09
4 $14,306.95 $3,672.37 $236,441.72
5 $14,080.44 $3,898.88 $232,542.84
6 $13,839.97 $4,139.35 $228,403.48
7 $13,584.66 $4,394.66 $224,008.83
8 $13,313.61 $4,665.71 $219,343.11
9 $13,025.84 $4,953.48 $214,389.63
10 $12,720.32 $5,259.00 $209,130.63
11 $12,395.95 $5,583.37 $203,547.26
12 $12,051.58 $5,927.74 $197,619.52
13 $11,685.97 $6,293.35 $191,326.18
14 $11,297.81 $6,681.51 $184,644.67
15 $10,885.71 $7,093.61 $177,551.06
16 $10,448.20 $7,531.13 $170,019.94
17 $9,983.69 $7,995.63 $162,024.31
18 $9,490.54 $8,488.78 $153,535.53
19 $8,966.97 $9,012.35 $144,523.18
20 $8,411.11 $9,568.21 $134,954.96
21 $7,820.96 $10,158.36 $124,796.60
22 $7,194.42 $10,784.91 $114,011.70
23 $6,529.23 $11,450.09 $102,561.60
24 $5,823.01 $12,156.31 $90,405.29
25 $5,073.24 $12,906.09 $77,499.21
26 $4,277.22 $13,702.11 $63,797.10
27 $3,432.10 $14,547.22 $49,249.88
28 $2,534.86 $15,444.46 $33,805.42
29 $1,582.28 $16,397.04 $17,408.38
30 $570.95 $17,408.38 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Alma, MI


1500 sqft3900 sqft
Ø selling price$219,616$467,182
Ø fast selling$199,651$420,463
Ø high price sale$239,581$513,900

In 2026, houses in Alma, MI will be offered at an average price of $121 per square foot. A 1,500 sqft home priced at $219,616 is 22.72% more expensive per square foot than a 3,900 sqft home priced at $467,182. Home prices in Alma, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $323,433. Sellers who can wait longer may achieve a higher price of up to $395,308.


Discover Alma, MI

Located in the heart of Central Michigan, Alma, MI blends small-town charm with college-town energy and easy access to outdoor recreation.

Community and Education

The city is home to Alma College, whose vibrant campus fuels arts, athletics, and year-round cultural events.
Historic downtown Alma, Michigan features restored brick storefronts, local boutiques, and cozy restaurants that showcase hometown hospitality.

Things to Do and Attractions

Visitors love the renowned Alma Highland Festival & Games, where Celtic music, athletics, and parades celebrate the community?s Scottish heritage. Parks and paved trails along the Pine River invite biking, kayaking, birding, and scenic picnics in every season. Family-friendly attractions include farmers markets, live theater, and community art installations that animate the walkable core.

Economy, Housing, and Cost of Living

A diversified economy anchored by healthcare at MyMichigan Medical Center Alma, advanced manufacturing, and education supports steady local growth. Affordable housing, a modest cost of living, and growing small-business opportunities make Alma, MI appealing to first-time buyers and entrepreneurs.

Location, Transportation, and Travel Tips

Conveniently off US-127 near M-46, the city offers quick drives to Mount Pleasant, Lansing, and the Great Lakes shoreline for weekend getaways. Whether you?re touring campus, relocating for work, or planning an Up North road trip, Alma, Michigan delivers welcoming neighborhoods, value, and memorable Midwest experiences.



FAQ – Home Values in Alma

What is the median home value in Alma in 2026?

In 2026, the typical home value in Alma is about $249,900 for an average home size of 2080 square feet. This corresponds to an average price of roughly $121 per square foot.

What is the average cost per square foot in Alma?

In 2026, homes in Alma sell for an average of around $121 per square foot, with a typical range between $120 and $120 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Alma is about 2080 square feet, with an estimated 2026 value around $249,900.



Locations close to Alma, MI

Ashley, MI128 $ / ft²
Bannister, MI95 $ / ft²
Bath, MI130 $ / ft²
Whittemore, MI66 $ / ft²
Vassar, MI108 $ / ft²
Unionville, MI98 $ / ft²




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