Alma, Colorado, renowned as the highest incorporated town in the United States, offers a unique blend of small-town charm and economic activity. This article provides an overview of the local business environment and housing market, highlighting key industries and real estate dynamics.
Local Business Environment
Alma’s economy is characterized by a diverse range of industries. As of 2024, the town employed approximately 258 individuals, marking a significant 63.3% increase from the previous year. The leading sectors include:
- Construction: Employing 73 residents, this sector stands as the largest employer in Alma, offering an average annual salary of $100,871.
- Manufacturing: With 59 employees, manufacturing plays a pivotal role in the local economy.
- Accommodation and Food Services: This industry provides employment to 30 individuals, catering to both residents and visitors.
Notably, the construction industry not only employs the most residents but also offers the highest average salaries, underscoring its significance in Alma’s economic framework.
Housing Market Overview
The real estate landscape in Alma reflects the town’s unique appeal and economic conditions. As of March 2026, key housing market indicators include:
- Median Listing Price: Homes are listed at a median price of $625,000, representing an 18.24% decrease from the previous year.
- Price per Square Foot: The median price stands at $462 per square foot, indicating a 6.85% decline year-over-year.
- Active Listings: There are 41 homes available for sale, reflecting a 9.09% decrease compared to the previous year.
- Median Days on Market: Properties typically remain on the market for 147 days, a 70.93% increase from the prior year.
These trends suggest a cooling housing market, potentially offering opportunities for prospective buyers seeking to invest in Alma’s real estate.
Community and Lifestyle
Beyond its economic and housing attributes, Alma boasts a vibrant community life. The town’s Main Street features local businesses such as the Al-Mart General Store, a family-owned establishment offering a variety of products to residents and visitors alike. Additionally, the Alma Playground and Park, located near the town hall, serves as a hub for community events, including monthly potlucks and the annual Festival in the Clouds, a three-day summer event featuring live music and artisan vendors.
In conclusion, Alma’s economic landscape is marked by a robust construction industry, a dynamic housing market, and a close-knit community. These elements combine to create a distinctive environment for both residents and businesses in this high-altitude Colorado town.