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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 $254,778, lower than the Oregon average of $502,078.
The average cost of rent is $1,095/mo in Altamont, primarily driven by the current value of real estate in the Altamont area. In Altamont, 31.24% of households rent, and 41.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Altamont is $5,817 per month. Households that rent pay about 18.83% 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
- Klamath Falls, OR: higher priced homes
- Olene, OR: higher priced homes
- Pelican City, OR: higher priced homes
- Falcon Heights, OR: equally priced homes
- Midland, OR: higher priced homes
- Lake of the Woods, OR: higher priced homes
- Wocus, OR: higher priced homes
- Shady Pine, OR: higher priced homes
- Dairy, OR: higher priced homes
- Keno, OR: higher priced homes
Cities with Similar Populations
- Palm Valley, FL: higher priced homes
- Jasper, IN: equally priced homes
- Lake Placid, FL: less expensive homes
- Melville, NY: higher priced homes
- Alum Rock, CA: higher priced homes
- Newtown Square, PA: higher priced homes
- Rio Rico, AZ: less expensive homes
- Pittsboro, NC: higher priced homes
- Canyon Lake, TX: higher priced homes
- Clarksville, IN: less expensive homes
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