Alma, MI Metro Area - Investment Guide
Metro Area • 10 Cities • 11 ZIP Codes
Avg Home Value
$199,724
Avg Monthly Rent
$927
Avg Cap Rate
3.68%
Avg Investability
3.0 ★
Cities
10
ZIP Codes
11
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Market Trends
Metro Home Value History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Alma, MI Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
8.5%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Alma, MI
Every ZIP in the metro, ranked four ways. Free.
Cities in Alma, MI
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 48880 | Saint Louis | MI | $160,192 | $927 | 4.51% | |
| 48615 | Wheeler | MI | $166,534 | $927 | 4.34% | |
| 48832 | Elwell | MI | $210,168 | $882 | 3.27% | |
| 48847 | Ithaca | MI | $203,984 | $873 | 3.34% | |
| 48889 | Sumner | MI | $203,480 | $972 | 3.73% | |
| 48662 | Wheeler | MI | $171,453 | $927 | 4.22% | |
| 48801 | Alma | MI | $156,784 | $873 | 4.34% | |
| 48856 | Middleton | MI | $159,158 | $873 | 4.28% | |
| 48806 | Ashley | MI | $171,529 | $1,026 | 4.67% | |
| 48871 | Perrinton | MI | $289,648 | $1,035 | 2.79% | |
| 48877 | Riverdale | MI | $197,933 | $882 | 3.48% | |
| 48832 | Elwell | MI | $186,365 | $882 | 3.69% | |
| 48847 | Ithaca | MI | $180,727 | $873 | 3.77% | |
| 48880 | Saint Louis | MI | $170,151 | $927 | 4.25% | |
| 48615 | Wheeler | MI | $183,578 | $927 | 3.94% | |
| 48856 | Middleton | MI | $137,543 | $873 | 4.95% | |
| 48889 | Sumner | MI | $218,837 | $972 | 3.46% | |
| 48662 | Wheeler | MI | $192,097 | $927 | 3.76% | |
| 48801 | Alma | MI | $168,694 | $873 | 4.04% | |
| 48871 | Perrinton | MI | $271,226 | $1,035 | 2.98% | |
| 48806 | Ashley | MI | $197,030 | $1,026 | 4.06% | |
| 48877 | Riverdale | MI | $170,858 | $882 | 4.03% | |
| 48880 | Saint Louis | MI | $158,773 | $927 | 4.55% | |
| 48615 | Wheeler | MI | $166,534 | $927 | 4.34% | |
| 48832 | Elwell | MI | $205,157 | $882 | 3.35% | |
| 48847 | Ithaca | MI | $201,959 | $873 | 3.37% | |
| 48889 | Sumner | MI | $192,354 | $972 | 3.94% | |
| 48662 | Wheeler | MI | $171,453 | $927 | 4.22% | |
| 48801 | Alma | MI | $156,784 | $873 | 4.34% | |
| 48856 | Middleton | MI | $159,682 | $873 | 4.26% | |
| 48806 | Ashley | MI | $171,529 | $1,026 | 4.67% | |
| 48871 | Perrinton | MI | $286,775 | $1,035 | 2.82% | |
| 48877 | Riverdale | MI | $196,965 | $882 | 3.49% | |
| 48832 | Elwell | MI | $186,365 | $882 | 3.69% | |
| 48847 | Ithaca | MI | $180,727 | $873 | 3.77% | |
| 48880 | Saint Louis | MI | $170,152 | $927 | 4.25% | |
| 48615 | Wheeler | MI | $180,545 | $927 | 4.00% | |
| 48856 | Middleton | MI | $137,543 | $873 | 4.95% | |
| 48889 | Sumner | MI | $217,795 | $972 | 3.48% | |
| 48662 | Wheeler | MI | $189,604 | $927 | 3.81% | |
| 48801 | Alma | MI | $165,435 | $873 | 4.12% | |
| 48871 | Perrinton | MI | $271,226 | $1,035 | 2.98% | |
| 48806 | Ashley | MI | $195,616 | $1,026 | 4.09% | |
| 48877 | Riverdale | MI | $170,858 | $882 | 4.03% | |
| 48880 | Saint Louis | MI | $158,773 | $927 | 4.55% | |
| 48832 | Elwell | MI | $203,623 | $882 | 3.38% | |
| 48847 | Ithaca | MI | $201,035 | $873 | 3.39% | |
| 48889 | Sumner | MI | $192,354 | $972 | 3.94% | |
| 48615 | Wheeler | MI | $185,585 | $927 | 3.90% | |
| 48662 | Wheeler | MI | $195,428 | $927 | 3.70% |
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About Alma, MI Real Estate Market
The Alma, MI metropolitan statistical area (MSA) encompasses 10 cities and 11 ZIP codes. The average home value across the metro is $199,724, with an average monthly rent of $927. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.