Almont, MI—48003
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Almont, MI
As of Oct '25, the median home price in Almont, MI is $344,000, with a year-over-year change of 6.2%. This indicates that home prices in Almont, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $344,000 | 6.3% |
| Single Family | $347,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 6.7% |
3 Bed | $345,000 | 4.9% |
4 Bed | $400,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Almont, MI
As of July '25, Rentcast reports the average rent in Almont, MI is $1,280, with a year-over-year rent change of 16.4%. Per bedroom, the median rent as of July '25 in Almont, MI is 2-bedrooms: $1,200, 3-bedrooms: $1,240, 4-bedrooms: $1,800. The most common rental property sizes in Almont, MI are 3-bedroom and 1-bedroom, accounting for 32.1% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,260 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,200 | $1,200 |
| 3 Bed Rent | $1,260 | $1,240 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Almont, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Almont, MI is 53. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | 22.0% |
Listing Count | 30 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 53 | -3.0% |
Demographics — Almont, MI
As of the latest ACS Survey released in 2023, Almont, MI has a population of 6,040, which has decreased by -3.1% over the past 5 years. Almont, MI is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,040 | -3.1% |
% Under 18 | 21.3% | 5.4% |
% Seniors | 16.5% | 2.5% |
% WFH | 11.6% | 222.2% |
% w/ College Degree | 22.9% | 5.0% |
As of the latest ACS Survey released in 2023, Almont, MI is a predominantly white area, with 92.1% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Almont, MI is hispanic, making up 3.8% of the population. Foreign-born residents account for 4.1% of the population in Almont, MI, and this percentage has decreased by 8.9% 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 | 92.1% | 0.3% |
% Black | 0.0% | N/A |
% Hispanic | 3.8% | -41.5% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 4.1% | -8.9% |
Mortgage and Risk — Almont, MI
According to HUD data as of 2023, there were 142 mortgage originations in Almont, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Almont, MI. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Almont, MI
Almont, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | $0 | $1,200 | $1,200 |
| 3 Bedroom | $210 | $1,260 | $1,470 |
| 4 Bedroom | -$210 | $1,800 | $1,590 |
Affordability — Almont, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $344,000 |
| Median Household Income | $88,500 |