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 Type | 1.10% |
| One Bedroom | 15.70% |
| Two Bedrooms | 30% |
| Three Bedrooms | 33.90% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $72,500 |
| Median Price asked for vacant units | $97,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.88 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $386 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 6.30% |
| Simple Mortgage | 52.90% |
| Debt Free | 34.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
