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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 19,673 people, 4,958 houses or apartments, and a median cost of homes of $130,916, house prices in Alton are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Alton, accounting for 64.21% of the city's housing units. Other types of housing that are prevalent in Alton include duplexes, homes converted to apartments or other small apartment buildings ( 17.90%), large apartment complexes or high rise apartments ( 9.54%), and a few mobile homes or trailers ( 6.75%).
The most prevalent building size and type in Alton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.03% owning and 38.97% renting.
Alton homes and real estate are some of the newest in America. 56.41% of Alton's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Alton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.25%), and between 1940-1969 ( 3.70%).
In the last 10 years, Alton has experienced some of the highest home appreciation rates of any community in the nation. Alton real estate appreciated 111.31% over the last ten years, which is an average annual home appreciation rate of 7.77%, putting Alton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Alton that despite a nationwide downturn in the housing market, Alton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alton appreciation rates continue to be some of the highest in America, at 13.09%, which is higher than appreciation rates in 99.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alton. Alton appreciation rates in the latest quarter were at 1.87%, which equates to an annual appreciation rate of 7.68%.
Relative to Texas, our data show that Alton's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$130,916
for Texas
for nation
4,958
$1,414 / per month