Alma, IL 62807 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alma, IL—62807

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$126,000

0.7% YoY Growth

Household Income

$83,800

67.1% YoY Growth

Days on Market

110.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Alma, IL

As of Dec '25, the median home price in Alma, IL is $126,000, with a year-over-year change of -0.7%. This indicates that home prices in Alma, IL are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$126,000	-0.7%
Single Family	$126,000	-0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Alma, IL

Alma, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

13.6%

1 Bedroom

15.9%

2 Bedrooms

29.5%

3 Bedrooms

31.8%

4 Bedrooms

4.5%

5+ Bedrooms

4.5%

Property Listings — Alma, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Alma, IL is 173. This is a increase of 99.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$215,000	2.0%
Listing Count	4	120.0%
Listings as % of Homes	0.7%	120.0%
Days on Market	73	110.0%

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Demographics — Alma, IL

As of the latest ACS Survey released in 2023, Alma, IL has a population of 816, which has increased by 16.2% over the past 5 years. Alma, IL is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	816	16.2%
% Under 18	23.4%	20.6%
% Seniors	19.7%	1.0%
% WFH	10.9%	172.5%
% w/ College Degree	30.9%	200.0%

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As of the latest ACS Survey released in 2023, Alma, IL is a predominantly white area, with 98.7% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Alma, IL is hispanic, making up 0.1% of the population. Foreign-born residents account for 2.0% of the population in Alma, IL, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	98.7%	-0.7%
% Black	0.0%	N/A
% Hispanic	0.1%	∞%
% Asian	0.0%	-100.0%
% Foreign Born	2.0%	-16.7%

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Mortgage and Risk — Alma, IL

Alma, IL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Alma, IL

Alma, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	22
Total Units Section 8	0
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$730
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,120
4 Bedroom	N/A	N/A	$1,450

Alma, IL—62807

Key Metrics at a Glance

Home Price Trends — Alma, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alma, IL

% of Rental Stock

Property Listings — Alma, IL

Demographics — Alma, IL

Race and Ethnicity

Mortgage and Risk — Alma, IL

Mortgages

Rentals and Section 8 — Alma, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Alma, IL

Home Price to Income Ratio

Alma, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Salem, IL

Kinmundy, IL

Vernon, IL

Odin, IL

Patoka, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.4
Median Home Price	$126,000
Median Household Income	$83,800

Alma, IL—62807

Key Metrics at a Glance

Home Price Trends — Alma, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alma, IL

% of Rental Stock

Property Listings — Alma, IL

Demographics — Alma, IL

Race and Ethnicity

Mortgage and Risk — Alma, IL

Mortgages

Rentals and Section 8 — Alma, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Alma, IL

Home Price to Income Ratio

Alma, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Salem, IL

Kinmundy, IL

Vernon, IL

Odin, IL

Patoka, IL

Frequently Asked Questions

What is the average home price in Alma, IL 62807?

How have home prices in Alma, IL 62807 changed over the past year?

What is the home price projection for Alma, IL 62807?

What are the demographics of Alma, IL 62807?

How long does it take homes to sell in Alma, IL 62807?

What is the average rent price in Alma, IL 62807?