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These days, finding an affordable place to live in the Altamont area can be challenging. Home prices in Altamont are now at a median cost of $140,129, lower than the Illinois average of $300,242.
The average cost of rent is $752/mo in Altamont, primarily driven by the current value of real estate in the Altamont area. In Altamont, 16.85% of households rent, and 50.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Altamont is $5,780 per month. Households that rent pay about 13.01% of their income on rent here. Altamont’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dexter, IL: higher priced homes
- Pruett, IL: equally priced homes
- Keptown, IL: higher priced homes
- Moccasin, IL: higher priced homes
- St. Elmo, IL: less expensive homes
- Funkhouser, IL: higher priced homes
- Mason, IL: higher priced homes
- Wrights Corner, IL: higher priced homes
- Beecher City, IL: less expensive homes
- St. James, IL: higher priced homes
Cities with Similar Populations
- Park Falls, WI: equally priced homes
- Lancaster, VA: higher priced homes
- Gibsonburg, OH: equally priced homes
- Minford, OH: higher priced homes
- La Salle, MI: higher priced homes
- Clarksville, OH: higher priced homes
- Stockton, NJ: higher priced homes
- Stillman Valley, IL: higher priced homes
- South Charleston, OH: higher priced homes
- Chatham, NY: higher priced homes
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