East Alton appreciation rates and housing market information

East Alton housing market information

With 6,831 people, 3,175 houses or apartments, and a median cost of homes of $97,611,

single-family detached homes are the single most common housing type in East Alton, accounting for 72.98% of the village's housing units. Other types of housing that are prevalent in East Alton include duplexes, homes converted to apartments, or other small apartment buildings (14.20%), large apartment complexes or high rise apartments (8.88%), row houses and other attached homes (2.61%), and a few mobile homes or trailers (1.32%).

People in East Alton primarily live in small (one, two, or no bedroom) single-family detached homes. East Alton has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. East Alton's housing was primarily built during this period, from the '40s through the '60s. A full 66.33% of the village's housing hails from this era. Other housing ages represented in East Alton include homes built between 1939 and earlier (22.30%), and housing constructed from 1970-1994 (10.90%). There's also some housing in East Alton built between 1995 and later (.47%).

East Alton home appreciation rates

Real estate appreciation rates in East Alton have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.95% during the period.

NeighborhoodScout's data show that during the latest twelve months, East Alton home appreciation rates, at -0.10%, have been at or slightly above the national average. In the latest quarter, East Alton's appreciation rate has been 0.23%, which annualizes to a rate of 0.92%.

Relative to Illinois, our data show that East Alton's latest annual appreciation rate is higher than 41% of the other cities and towns in Illinois.