Alma is the largest city in Gratiot County, Michigan, boasting a population of approximately 9,488 according to the 2020 census. This vibrant community is characterized by its youthful median age of around 30.8 years, reflecting a dynamic demographic landscape. The population is predominantly White, but it also includes significant Hispanic/Latino and African American communities, contributing to a rich cultural tapestry. The city offers a welcoming environment for families and individuals alike, with various community resources and activities that cater to all ages.
The economic landscape of Alma presents a mixed picture. The median household income stands at about $36,400, with around a quarter of residents living below the poverty line, particularly affecting those under the age of 18. Despite these challenges, Alma remains an attractive place for many due to its relatively affordable housing market. Home values are generally in the range of $160,000 to $170,000, making it a viable option for first-time homebuyers and those looking to settle in a quieter area outside the hustle of larger cities.
In terms of real estate, Alma is often viewed as a seller's market, albeit with a more moderate pace than larger metropolitan areas. The median listing price for homes is approximately $192,000, while the median sold prices tend to align more closely with the typical home value range. Although there have been modest annual increases in some metrics, such as Zillow's value index, certain sources indicate a slight decline in sold prices year-over-year. This fluctuation suggests a balanced market where buyers can find value without the intense competition seen in bigger cities.
Alma offers a unique blend of community spirit, affordable living, and access to essential services, making it a great place to call home. Whether you're considering moving to the area or just want to learn more, Alma has much to offer.