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Altamont

Learn about the people, housing, costs and businesses in Altamont, Missouri

Median Home$147,270
Median Rent$698/month
Population173
Leading IndustriesRetail · Public Administration21% retail
Home Value Growth⬆⬆⬆+28.7% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$147k median home · lower cost than 76% of the country
Altamont
MO

Frequently Asked Questions

What are today's mortgage rates in Altamont?

As of today, the 30-year fixed mortgage rate for Altamont is approximately 7.030% (7.074% 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 Altamont?

The median home value in Altamont is $147k. The median monthly rent is $698. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Altamont?

Home values in Altamont have increased 28.7% 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 Altamont?

Based on a typical all-in ownership cost of $708/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Altamont is $63k/year.

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What industries drive the economy in Altamont?

The largest employment sectors in Altamont are public administration (28%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.