The housing market in Alto, TX is doing very well compared to the US average. The median value of homes in Alto is $166,200 which is much lower than the US median of $338,100. However, the 1 year house appreciation in Alto has outpaced the national average by 8%, with a rate of 16.22%. This shows that housing values are increasing at a higher rate than other parts of the country and could provide an attractive investment opportunity for home buyers or renters looking for an affordable place to live.
The median home cost in Alto is $166,200. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Alto is up 19.7%.
Average Age of Homes
- The median age of Alto real estate is 42 years old
The Rental Market in Alto
- Renters make up 46.6% of the Alto population
- 9.0% of houses and apartments in Alto, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.