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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Almont, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Almont, MI Housing Market Trends

With a population of 2,841, 1,157 total housing units (homes and apartments), and a median house value of $280,583, Almont real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Almont, accounting for 74.67% of the village's housing units. Other types of housing that are prevalent in Almont include mobile homes or trailers ( 13.69%), large apartment complexes or high rise apartments ( 5.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Almont. Owner-occupied housing accounts for 84.79% of Almont's homes, and 69.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Almont built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Almont built between 2000 and later ( 18.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.38%). There's also some housing in Almont built before 1939 ( 17.05%).

Almont Home Appreciation Rates

Appreciation rates for homes in Almont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.69%, which ranks in the top 40% nationwide. This equates to an annual average Almont house appreciation rate of 6.94%.

NeighborhoodScout's data show that during the latest twelve months, Almont's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, Almont's appreciation rate has been 1.70%, which annualizes to a rate of 6.96%.

Relative to Michigan, our data show that Almont's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$280,583

Almont, MI Home Prices
> $1,356,000
$1,017,001 - $1,356,000
$679,001 - $1,017,000
$543,001 - $679,000
$407,001 - $543,000
$271,001 - $407,000
$136,001 - $271,000
$68,001 - $136,000
$0 - $68,000
0.0%
0.0%
0.5%
0.5%
3.8%
3.8%
0.2%
0.2%
13.9%
13.9%
37.8%
37.8%
27.2%
27.2%
7.3%
7.3%
9.3%
9.3%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

1,157

Almont Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,388 / per month

Homeownership Rate

Owners
Renters
84.8%
84.8%
15.2%
15.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.2%
5.2%
94.8%
94.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.0%
18.0%
47.5%
47.5%
17.4%
17.4%
17.0%
17.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.7%
74.7%
2.4%
2.4%
3.4%
3.4%
5.9%
5.9%
13.7%
13.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.3%
5.3%
25.5%
25.5%
54.8%
54.8%
14.3%
14.3%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Almont

Zip Codes in Almont, MI