Much like its surrounding areas, it's significantly less expensive compared to the nation as a whole. Compared to the city of Grand Rapids, it's significantly less expensive.
Home prices
The median home in Alma is valued at $84,600. This is roughly $2,600 (2%) lower in comparison to the surrounding areas.In comparison to the US as a whole it is roughly $132,900 (61%) lower, and is roughly $58,800 (41%) lower in comparison to the city of Grand Rapids.
Rents
Alma's median monthly rent is $655. This is roughly $27 (4%) lower in comparison to nearby areas.It is about $407 (38%) lower in comparison to the rest of the nation, and compared to the city of Grand Rapids it is roughly $270 (29%) lower.
Nearby places
St. Louis
St. Louis is Alma's neighbor to the northeast. The real estate prices there are pretty similar. St. Louis's median home cost is $82,100, which works out to $2,500 (3%) lower than Alma. The rent there is pretty similar. The median monthly rent in St. Louis is $682, which is $27 (3%) higher than Alma.
Ithaca
Ithaca is roughly 6 miles southeast of Alma. Real estate prices there are fairly similar. The median home value in Ithaca is $88,800, which works out to $4,200 (4%) higher than Alma. Its rents are a little more expensive. Ithaca's median monthly rent is $699, which comes out to $44 (6%) higher than Alma.
Breckenridge
Breckenridge is approximately 7 miles east from Alma. The real estate prices there are a bit less expensive. Breckenridge's median home cost is $75,800, which comes out to $8,800 (11%) lower than Alma. Rents there are a little less expensive. Breckenridge's median rent is $606 a month, which comes out to $49 (8%) lower than Alma.
Shepherd
Shepherd is approximately 9 miles north from Alma. Its real estate prices are somewhat more expensive. The median home cost in Shepherd is $115,500, which works out to $30,900 (26%) higher than Alma. Rent there is similar. In Shepherd the median monthly rent is $635, which works out to $20 (3%) lower than Alma.
Perrinton
Perrinton is approximately 12 miles south of Alma. Its real estate prices are a bit less expensive. The median home in Perrinton costs $73,800, which comes out to $10,800 (14%) lower than Alma. Its rents are a little more expensive. The median monthly rent in Perrinton is $790, which comes out to $135 (17%) higher than Alma.
