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Alorton

Learn about the people, housing, costs and businesses in Alorton, Illinois

Median Home$57,923
Median Rent$678/month
Population1,269
Leading IndustriesFinance & Insurance · Information & Media · Education14% finance & insurance
Home Value Growth⬆⬆+16.8% over 2 years
Family-Friendly25% of residentsslightly above average
Renters52% of occupied units
NotableVeteran Community19% of residents · top 1% nationally
NotableTransit84/100 · excellent transit access
Alorton
IL

Frequently Asked Questions

What are today's mortgage rates in Alorton?

As of today, the 30-year fixed mortgage rate for Alorton is approximately 7.366% (7.384% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alorton?

The median home value in Alorton is $58k. The median monthly rent is $678. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alorton?

Home values in Alorton have increased 16.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alorton?

Based on a typical all-in ownership cost of $586/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alorton is $29k/year.

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What industries drive the economy in Alorton?

The largest employment sectors in Alorton are public administration (24%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.