Alma, AR—72921
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alma, AR
As of Oct '25, the median home price in Alma, AR is $240,000, with a year-over-year change of 4.5%. This indicates that home prices in Alma, AR are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 4.5% |
| Single Family | $240,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $242,000 | 4.3% |
4 Bed | $327,000 | 4.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alma, AR
As of July '25, Rentcast reports the average rent in Alma, AR is $991, with a year-over-year rent change of -0.1%. Per bedroom, the median rent as of July '25 in Alma, AR is 2-bedrooms: $838, 3-bedrooms: $1,410. The most common rental property sizes in Alma, AR are 3-bedroom and 2-bedroom, accounting for 48.9% and 36.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $991 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $725 | $838 |
| 3 Bed Rent | $1,100 | $1,410 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Alma, AR
As of Oct '25, Realtor.com reports that the median days on market for a home in Alma, AR is 59. This is a increase of 36.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $343,000 | 15.0% |
Listing Count | 58 | 54.0% |
| Listings as % of Homes | 0.5% | 54.0% |
Days on Market | 59 | 36.0% |
Demographics — Alma, AR
As of the latest ACS Survey released in 2023, Alma, AR has a population of 12,800, which has decreased by -10.3% over the past 5 years. Alma, AR is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 22.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,800 | -10.3% |
% Under 18 | 26.3% | -1.5% |
% Seniors | 16.7% | 7.1% |
% WFH | 6.6% | 288.2% |
% w/ College Degree | 22.1% | 54.5% |
As of the latest ACS Survey released in 2023, Alma, AR is a predominantly white area, with 87.5% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Alma, AR is black, making up 2.3% of the population. Foreign-born residents account for 0.7% of the population in Alma, AR, and this percentage has decreased by 53.3% 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 | 87.5% | -3.3% |
% Black | 2.3% | 91.7% |
% Hispanic | 2.3% | -36.1% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.7% | -53.3% |
Mortgage and Risk — Alma, AR
According to HUD data as of 2023, there were 178 mortgage originations in Alma, AR, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Alma, AR. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 178 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Alma, AR
Alma, AR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 151 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | $185 | $725 | $910 |
| 3 Bedroom | $140 | $1,100 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Alma, AR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $240,000 |
| Median Household Income | $68,300 |