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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 $290,769, lower than the Utah average of $525,914.
The average cost of rent is $1,154/mo in Altamont, primarily driven by the current value of real estate in the Altamont area. In Altamont, 24.03% of households rent, and 48.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Altamont is $7,596 per month. Households that rent pay about 15.19% of their income on rent here. Altamont’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Boneta, UT: equally priced homes
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- Upalco, UT: less expensive homes
- Talmage, UT: equally priced homes
- Monarch, UT: less expensive homes
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- Cedarview, UT: equally priced homes
- Bridgeland, UT: equally priced homes
Cities with Similar Populations
- Summerfield, OH: less expensive homes
- Orange, NH: equally priced homes
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- Duck, NC: higher priced homes
- Drewryville, VA: less expensive homes
- Guffey, CO: higher priced homes
- Mountain Peak, TX: higher priced homes
- Sanborn, MN: less expensive homes
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