Zip 62002 (Alton, IL) Housing

The housing market in Alton, IL (62002) has a median value of $98,500 which is significantly lower than the US median value of $338,100. In the past year, house appreciation in Alton, IL has been 7.96% compared to 8.27% for the US overall. This difference reflects a slower rate of growth and appreciation in the Alton, IL housing market. Nonetheless, it remains an attractive option for potential homebuyers who are seeking affordable housing with a more stable rate of return than other markets.

The median home cost in Alton (zip 62002) is $98,500. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Alton (zip 62002) is up 10.0%.

Average Age of Homes

- The median age of Alton (zip 62002) real estate is 65 years old

The Rental Market in Alton (zip 62002)

- Renters make up 30.5% of the Alton (zip 62002) population
- 2.6% of houses and apartments in Alton (zip 62002), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Alton, Illinois	United States
	15,290.0	139,647,020.0
	67	42
	$98,500	$338,100
	10.0%	16.6%
	35.8%	57.0%
	42.8%	101.1%
	$21.41	$10.98
	$2,072	$2,690
	57.5%	57.4%
	12.2%	11.2%
	30.4%	31.4%
Vacant Housing
	2.6%	1.9%
	0.3%	0.4%
	1.2%	0.7%
	0.3%	0.4%
	0.1%	3.6%
	7.8%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	6.2%	2.4%
	13.2%	2.8%
	15.3%	3.9%
	14.6%	4.5%
	20.7%	11.3%
	11.5%	13.0%
	9.6%	20.1%
	2.6%	13.6%
	2.3%	8.3%
	0.5%	9.7%
	0.7%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.9%	13.6%
	5.9%	13.6%
	5.6%	13.6%
	6.3%	13.2%
	10.2%	14.8%
	5.6%	13.6%
	20.0%	10.0%
	15.9%	4.7%
	25.2%	12.2%

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