The typical owner-occupied home in Alma is worth about $96,400, 68% below the Georgia median of $303,300 and 71% below the national median of $332,700. Owners pay a median $947 a year in property taxes, about 0.98% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $36,884 a year, so the median home costs 2.6 times the median income (3.9 times for Georgia). 52% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Alma at a glance
| Alma | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $96,400 | $303,300 | $332,700 |
| Median property tax paid per year | $947 | $2,341 | $3,119 |
| Property tax as a share of value | 0.98% | 0.77% | 0.94% |
| Median household income | $36,884 | $77,353 | $80,734 |
| Homes lived in by their owners | 52% | 66% | 65% |
| Owner homes with a mortgage | 46% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $987 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 20.0% | 21.0% |
| Median rent | $683 | $1,393 | $1,413 |
| Rent as a share of renters' income | 24.8% | 31.3% | 30.6% |
| Median year homes were built | 1965 | 1992 | 1980 |
| Vacant homes | 13.5% | 10.3% | 10.1% |
| Population | 3,426 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Alma
At this week's average 30-year rate of 7.11%, buying the median Alma home of $96,400 with 20% down costs about $638 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $798, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,329 for the 20%-down payment. That payment is 21% of the median Alma household income of $36,884; at that income and 20% down, the 28% guideline points to a home of about $130,000.
The median rent here is $683 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $19,280 |
|---|---|
| Loan amount | $77,120 |
| Principal and interest | $519 |
| Property taxes (0.98% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $638 |
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| Down payment | $3,374 |
|---|---|
| Loan amount | $94,654 |
| Principal and interest | $637 |
| Property taxes (0.98% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $43 |
| Total per month | $798 |
Change the numbers in the calculator
Questions about home buying in Alma
What is the median home value in Alma?
About $96,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Alma?
Homeowners pay a median $947 a year, which is about 0.98% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Alma?
For the median home with 20% down at 7.11%, the payment is about $638 a month. Keeping that under 28% of gross income takes about $27,329 a year.
More about Alma
- Mortgage Refinance in Alma
- Debt Relief in Alma
- Home Equity Loans in Alma
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data