Alma, IL—62807
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alma, IL
As of Oct '25, the median home price in Alma, IL is $121,000, with a year-over-year change of -1.3%. This indicates that home prices in Alma, IL are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $121,000 | -1.3% |
| Single Family | $121,000 | -1.6% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Alma, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Alma, IL is 134. This is a increase of 134.0% 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 | $248,000 | -12.0% |
Listing Count | 4 | 44.0% |
| Listings as % of Homes | 0.7% | 44.0% |
Days on Market | 134 | 134.0% |
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% |
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% |
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 |
Loan Activity
No data available
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 |
Affordability — Alma, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.3 |
| Median Home Price | $121,000 |
| Median Household Income | $83,800 |