Most Affordable ZIP Codes in Alma, MI (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 48856 | Middleton, MI | $159,426 | $873 | 4.27% | 4.3% |
| 2 | 48801 | Alma, MI | $169,480 | $873 | 4.02% | 4.4% |
| 3 | 48880 | Saint Louis, MI | $170,427 | $927 | 4.24% | 3.4% |
| 4 | 48615 | Wheeler, MI | $185,585 | $927 | 3.90% | 4.6% |
| 5 | 48662 | Wheeler, MI | $195,428 | $927 | 3.70% | 3.2% |
| 6 | 48877 | Riverdale, MI | $197,848 | $882 | 3.48% | 3.8% |
| 7 | 48806 | Ashley, MI | $201,410 | $1,026 | 3.97% | 4.5% |
| 8 | 48847 | Ithaca, MI | $202,951 | $873 | 3.36% | 4.0% |
| 9 | 48832 | Elwell, MI | $207,425 | $882 | 3.32% | 5.6% |
| 10 | 48889 | Sumner, MI | $220,623 | $972 | 3.44% | 3.7% |
| 11 | 48871 | Perrinton, MI | $286,357 | $1,035 | 2.82% | 5.3% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Alma, MI · Appreciation in Alma, MI
Or see the full Alma, MI metro profile.