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Altona

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

Median Home$122,800
Median Rent$789/month
Population417
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade7% construction
Home Value Growth⬆⬆⬆+38.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners89% of occupied units
NotableAffordable Market$123k median home · lower cost than 83% of the country
Altona
IL

Frequently Asked Questions

What are today's mortgage rates in Altona?

As of today, the 30-year fixed mortgage rate for Altona is approximately 6.906% (6.912% 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 Altona?

The median home value in Altona is $123k. The median monthly rent is $789. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Altona?

Home values in Altona have increased 38.5% 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 Altona?

Based on a typical all-in ownership cost of $792/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Altona is $72k/year.

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What industries drive the economy in Altona?

The largest employment sectors in Altona are public administration (28%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.