East Alton, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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East Alton, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

East Alton Housing Market Information

With a population of 6,176, 2,834 total housing units (homes and apartments), and a median house value of $81,429, house prices in East Alton are some of the most affordable in Illinois as well as the nation.

Single-family detached homes are the single most common housing type in East Alton, accounting for 78.19% 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 ( 11.43%), large apartment complexes or high rise apartments ( 6.14%), and a few mobile homes or trailers ( 2.18%).

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 57.45% of the village's housing hails from this era. Other housing ages represented in East Alton include homes built before 1939 ( 24.56%) and housing constructed between 1970-1999 ( 14.69%). There's also some housing in East Alton built between 2000 and later ( 3.29%).

Vacant housing appears to be an issue in East Alton. Fully 10.29% of the housing stock is classified as vacant. Left unchecked, vacant East Alton homes and apartments can be a drag on the real estate market, holding East Alton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

East Alton Home Appreciation Rates

Real estate appreciation rates in East Alton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.05% during the period.

Over the last year, East Alton appreciation rates have trailed the rest of the nation. In the last twelve months, East Alton's appreciation rate has been 2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Alton were at 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Illinois, our data show that East Alton's latest annual appreciation rate is higher than 50% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$81,429

East Alton, IL HOME PRICES

Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.1
$539,001 - $809,000 0.0
$431,001 - $539,000 0.0
$324,001 - $431,000 0.0
$216,001 - $324,000 2.3
$108,001 - $216,000 24.6
$54,001 - $108,000 57.6
$0 - $54,000 15.4

Very Low for IL
Very Low for Nation

Value Relative to Nation Value Relative to State
89.5874838860893 87.2151898734177

Number Of Homes And Apartments:
2,834

East Alton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
21.50% 1.14% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,092 / per month

Homeownership Rate

Homeownership
Owners 61.64
Renters 38.36
Vacant 10.29

Housing Market Details

 

Age of Homes

AGE OF East Alton HOMES
2000 or Newer 3.3
1970 - 1999 14.7
1940 - 1969 57.5
1939 or Older 24.6

Types of Homes

TYPE OF East Alton HOMES
Single-Family 78.2
Townhomes 2.1
Small Apt. Buildings 11.4
Apt. Complexes 6.1
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF East Alton HOMES
No Bedroom 0.38
1 Bedroom 11.05
2 Bedrooms 45.77
3 Bedrooms 26.56
4 Bedrooms 13.77
5 or more bedrooms 2.47

Popular Neighborhoods in East Alton

Zip Codes in East Alton, IL