Alma, MI
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Alma short-term rental market based on reliable data.
Listings
7 / 19
Reliable / Active
Cap Rate
11%
Middle-Earners Gross Yield
Revenue
$17,024
Middle-Earners Revenue
Occupancy
49%
Middle-Earners Occupancy
Home Value
$157,121
Median Home Sale Price
Top Earners
$28,664
Top-Earners Revenue
Alma
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Alma.
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Challenging to Investors
Alma Regulations
Alma permits STRs but lacks specific ordinances, creating regulatory uncertainty while the city develops restrictions including likely licensing, inspections, and occupancy limits. The active regulatory development process and existing 1985 rental inspection program suggest moderate but evolving compliance burdens that could constrain operations.
Local STR Agent
STR specialist · Alma, MI
About Alma
Alma is the largest city in Gratiot County in the U.S. state of Michigan. The population was 9,488 at the 2020 census. It was incorporated as the Village of Alma in 1872 and became a city in 1905. Alma hosts the annual Highland Festival on Memorial Day weekend. It brings members of Scottish clans and interested onlookers together for a weekend of Highland dancing, bagpipes, kilts, and camaraderie. Alma College, a small liberal-arts institution of approximately 1,300 students, is located in town and focuses on multidisciplinary learning in a residential setting.