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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 $156,597, lower than the West Virginia average of $177,366.
The average cost of rent is $852/mo in Alton, primarily driven by the current value of real estate in the Alton area. In Alton, 12.06% of households rent, and 47.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Alton is $5,103 per month. Households that rent pay about 16.69% of their income on rent here. Alton’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern 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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