The Most Affordable Neighborhoods in Altona, IL by Home Value

 

Altona, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Altona area can be challenging. Home prices in Altona are now at a median cost of $86,802, lower than the Illinois average of $242,002.

The average cost of rent is $657/mo in Altona, primarily driven by the current value of real estate in the Altona area. While nearly 51.39% of residents own their homes outright in Altona, 11.35% rent.

Housing affordability isn’t just about home prices, though. The average household income in Altona is $5,708 per month. Households that rent pay about 11.51% of their income on rent here. Altona's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.


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