East Alton, IL—62024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Alton, IL
As of Oct '25, the median home price in East Alton, IL is $126,000, with a year-over-year change of 0.8%. This indicates that home prices in East Alton, IL are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | 0.8% |
| Single Family | $126,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $101,000 | 5.2% |
3 Bed | $141,000 | 4.4% |
4 Bed | $138,000 | 0.0% |
| 5 Bed | $177,000 | 0.6% |
% of Housing Stock
Rental Trends — East Alton, IL
As of July '25, Rentcast reports the average rent in East Alton, IL is $895, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in East Alton, IL is 1-bedrooms: $737, 2-bedrooms: $1,020, 3-bedrooms: $950. The most common rental property sizes in East Alton, IL are 2-bedroom and 1-bedroom, accounting for 56.8% and 15.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $835 | $895 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $737 |
| 2 Bed Rent | $925 | $1,020 |
| 3 Bed Rent | $900 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — East Alton, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in East Alton, IL is 40. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $147,000 | 27.0% |
Listing Count | 37 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 40 | -11.0% |
Demographics — East Alton, IL
As of the latest ACS Survey released in 2023, East Alton, IL has a population of 9,460, which has decreased by -4.5% over the past 5 years. East Alton, IL is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,460 | -4.5% |
% Under 18 | 18.7% | -10.1% |
% Seniors | 18.7% | -4.1% |
% WFH | 12.5% | 594.4% |
% w/ College Degree | 20.6% | 10.8% |
As of the latest ACS Survey released in 2023, East Alton, IL is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in East Alton, IL is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.2% of the population in East Alton, IL, and this percentage has decreased by 81.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.9% | 0.4% |
% Black | 1.1% | -60.7% |
% Hispanic | 1.7% | -5.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -81.8% |
Mortgage and Risk — East Alton, IL
According to HUD data as of 2023, there were 182 mortgage originations in East Alton, IL, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in East Alton, IL. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 182 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — East Alton, IL
East Alton, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 253 |
Total Units Section 8 | 195 |
% Rentals under Section 8 | 18.3% |
% Occupied Section 8 | 91.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $725 | $880 |
| 2 Bedroom | $165 | $925 | $1,090 |
| 3 Bedroom | $510 | $900 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — East Alton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $126,000 |
| Median Household Income | $60,800 |