Alma, Arkansas Real Estate & Housing Market

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Alma Housing Information

Index	Alma	Arkansas	National
Median home price	$137,900	$114,700	$184,700
Median rent asked	$654	$689	$949
Avg. people per household	2.7	2.5	2.6
Owner occupied households	65.6%	65.7%	63.6%
Renter occupied households	34.4%	34.3%	36.4%

Above is a snapshot look at the real estate market in Alma, AR. In Alma, AR, the median house price is $137,900, making the price 20% higher than that the average for Arkansas. Therefore, the affordability of Alma, AR area real estate is less affordable than the real estate in other areas of Arkansas. In addition, Alma, AR has a median rent price of $654; this price is 5% lower than that the average rental price for Arkansas. 65.6% of residents in Alma, AR are homeowners, and the average amount of people who reside in each home is 2.7. Alma, AR has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Alma, AR real estate for sale.

Alma Home Affordability

When looking for real estate in Alma, AR, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Alma, AR, the median price of a home is $137,900 and $46,103 is the median household income. This means that the home price to income ratio is 3.0x, a ratio that is 10% higher than the average in Arkansas. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Alma, AR will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Alma, AR.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Rudy, AR	305	$0	100%
Moffett, OK	140	$42,500	77%
Branch, AR	363	$59,200	68%
Chester, AR	174	$63,800	65%
Arkoma, OK	1,912	$67,100	64%
Alma, AR	5,599	$137,900	25%

Cities with similar population

City, State	Population	Home Price	National Avg.
Vinita, OK	5,599	$72,200	61%
Newmarket, NH	5,597	$218,900	19%
Kensington, CA	5,602	$805,200	336%
Zeeland, MI	5,595	$123,100	33%
Wellston, OH	5,595	$85,700	54%
Alma, AR	5,599	$137,900	25%

Source: The Alma, AR housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).