East Alton, IL 62024 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

East Alton, IL—62024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$126,000

1.7% YoY Growth

Household Income

$60,800

10.6% YoY Growth

Days on Market

6.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$835

2.3% YoY Growth

1-Bed Rent

$725

1.3% YoY Growth

2-Bed Rent

$925

5.3% YoY Growth

3-Bed Rent

$900

1.2% YoY Growth

Home Price Trends — East Alton, IL

As of Dec '25, the median home price in East Alton, IL is $126,000, with a year-over-year change of 1.7%. This indicates that home prices in East Alton, IL are increasing. According to Zillow, the 1-year price projection is 0.9%, 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	1.7%
Single Family	$126,000	1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.0%

1 Bedroom

15.9%

2 Bedrooms

56.8%

3 Bedrooms

12.1%

5+ Bedrooms

11.2%

Property Listings — East Alton, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in East Alton, IL is 54. This is a decrease of -4.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$178,000	68.0%
Listing Count	34	51.0%
Listings as % of Homes	0.4%	51.0%
Days on Market	54	6.0%

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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%

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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%

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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%

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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

East Alton, IL—62024

Key Metrics at a Glance

Home Price Trends — East Alton, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — East Alton, IL

% of Rental Stock

Property Listings — East Alton, IL

Demographics — East Alton, IL

Race and Ethnicity

Mortgage and Risk — East Alton, IL

Mortgages

Rentals and Section 8 — East Alton, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — East Alton, IL

Home Price to Income Ratio

East Alton, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Wood River, IL

Cottage Hills, IL

Roxana, IL

Bethalto, IL

Alton, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$126,000
Median Household Income	$60,800

East Alton, IL—62024

Key Metrics at a Glance

Home Price Trends — East Alton, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — East Alton, IL

% of Rental Stock

Property Listings — East Alton, IL

Demographics — East Alton, IL

Race and Ethnicity

Mortgage and Risk — East Alton, IL

Mortgages

Rentals and Section 8 — East Alton, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — East Alton, IL

Home Price to Income Ratio

East Alton, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Wood River, IL

Cottage Hills, IL

Roxana, IL

Bethalto, IL

Alton, IL

Frequently Asked Questions

What is the average home price in East Alton, IL 62024?

How have home prices in East Alton, IL 62024 changed over the past year?

What is the home price projection for East Alton, IL 62024?

What are the demographics of East Alton, IL 62024?

How long does it take homes to sell in East Alton, IL 62024?

What is the average rent price in East Alton, IL 62024?