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Altamont

Learn about the people, housing, costs and businesses in Altamont, New York

Median Home$318,900
Median Rent$1,201/month
Population1,855
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare6% professional services
Home Value Growth⬆⬆+19.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners80% of occupied units
NotableHigh Incomes$112k/year · top 11% nationally
NotableHighly Educated25% bachelor's · 19% graduate · top 18% nationally
Altamont
NY

Frequently Asked Questions

What are today's mortgage rates in Altamont?

As of today, the 30-year fixed mortgage rate for Altamont is approximately 6.917% (6.954% 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 $319k. The median monthly rent is $1,201. Annual property taxes average $6k. 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 19.6% 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 $1,889/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Altamont is $112k/year.

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What industries drive the economy in Altamont?

The largest employment sectors in Altamont are public administration (24%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.