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East Alton

Learn about the people, housing, costs and businesses in East Alton, Illinois

Median Home$105,688
Median Rent$895/month
Population5,707
Leading IndustriesArts, Food & Hospitality · Transportation · Healthcare9% arts, food & hospitality
Home Value Growth⬆⬆+18.6% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners58% of occupied units
NotableAmenity Score79/100 · highly walkable area
NotableTransit80/100 · excellent transit access
East Alton
IL

Frequently Asked Questions

What are today's mortgage rates in East Alton?

As of today, the 30-year fixed mortgage rate for East Alton is approximately 7.625% (7.703% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for East Alton
What is the median home price in East Alton?

The median home value in East Alton is $106k. The median monthly rent is $895. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Alton?

Home values in East Alton have increased 18.6% 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 East Alton?

Based on a typical all-in ownership cost of $891/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Alton is $52k/year.

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What industries drive the economy in East Alton?

The largest employment sectors in East Alton are public administration (23%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.