East Alton, Illinois Real Estate & Housing Market

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East Alton Housing Information

Index	East Alton	Illinois	National
Median home price	$82,000	$174,800	$184,700
Median rent asked	$865	$925	$949
Avg. people per household	2.3	2.6	2.6
Owner occupied households	59.8%	66.0%	63.6%
Renter occupied households	40.2%	34.0%	36.4%

A general overview of the East Alton, IL real estate market is displayed above. The median home price for homes in East Alton, IL is $82,000, which is 53% lower than the Illinois average. This means that real estate in the East Alton, IL area is generally more affordable than the rest of Illinois. The median rent price in East Alton, IL is $865 which is 6% lower than the Illinois average. In East Alton, IL, 59.8% of people are home owners and an average of 2.3 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in East Alton, IL. We make it easy to find East Alton, IL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

East Alton Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in East Alton, IL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in East Alton, IL is $82,000 and the median household income is $44,722. This results in a home price to income ratio of 1.8x, which is 38% lower than the Illinois average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in East Alton, IL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in East Alton, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Kinloch, MO	308	$0	100%
Venice, IL	1,898	$34,500	81%
Madison, IL	3,825	$48,700	74%
Hillsdale, MO	1,344	$49,600	73%
Glasgow Village, MO	5,382	$52,500	72%
East Alton, IL	6,171	$82,000	56%

Cities with similar population

City, State	Population	Home Price	National Avg.
Schuyler, NE	6,171	$88,500	52%
Holly, MI	6,171	$84,300	54%
Guadalupe, AZ	6,172	$82,200	55%
Heathcote, NJ	6,172	$409,600	122%
Chillicothe, IL	6,169	$125,100	32%
East Alton, IL	6,171	$82,000	56%

Source: The East Alton, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).