A typical Nahma home is worth roughly $154,000
Home prices around Nahma have risen about 120% over the past 5 years.
What kind of housing town is Nahma?
Read from the numbers below. The page puts what stands out first.
Home prices up 120% in 5 years
The federal house price index for the ZIP codes around Nahma rose 120% over the past 5 years, faster than across Michigan (52%). Last year prices rose 47%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Nahma, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
80% of Nahma households own their home
Half of Nahma’s homes were built before 1984.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
A typical home costs 2.8 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Nahma home, with $55K to spare.
A two-bedroom rents for about $1,270 a month here, $340 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Nahma’s typical property tax (0.93% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,270
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Alger County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Nahma vs. its neighbors
Nahma is the least expensive of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Nahma | $154K* | +47.2%† | $1,270 | $54,205 |
| Garden | $226K | +12.4% | $1,130 | $51,838 |
| Masonville | $166K* | +47.2%† | $1,410 | $78,984 |
| Ensign | $181K* | +47.2%† | $1,410 | $70,769 |
| Munising | $201K | +4.7% | $1,090 | $62,227 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
On the market in Nahma
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Nahma buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.