The Most Affordable Neighborhoods in Alton, IL by Home Value

These days, finding an affordable place to live in the Alton area can be challenging. Home prices in Alton are now at a median cost of $117,934, lower than the Illinois average of $300,242.

The average cost of rent is $1,007/mo in Alton, primarily driven by the current value of real estate in the Alton area. In Alton, 35.60% of households rent, and 42.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Alton is $5,247 per month. Households that rent pay about 19.20% of their income on rent here. Alton’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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