Altamont, IL—62411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altamont, IL
As of Oct '25, the median home price in Altamont, IL is $159,000, with a year-over-year change of 4.6%. This indicates that home prices in Altamont, IL are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $159,000 | 4.6% |
| Single Family | $160,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $159,000 | 8.9% |
2 Bed | N/A | N/A |
3 Bed | $167,000 | 2.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altamont, IL
Altamont, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Altamont, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Altamont, IL is 60. This is a increase of 76.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 28.0% |
Listing Count | 9 | -49.0% |
| Listings as % of Homes | 0.5% | -49.0% |
Days on Market | 60 | 76.0% |
Demographics — Altamont, IL
As of the latest ACS Survey released in 2023, Altamont, IL has a population of 4,320, which has increased by 4.5% over the past 5 years. Altamont, IL is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,320 | 4.5% |
% Under 18 | 23.5% | -6.4% |
% Seniors | 21.5% | 15.6% |
% WFH | 9.7% | 94.0% |
% w/ College Degree | 20.0% | -0.5% |
As of the latest ACS Survey released in 2023, Altamont, IL is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Altamont, IL is hispanic, making up 4.3% of the population. Foreign-born residents account for 0.9% of the population in Altamont, IL, and this percentage has increased by 350.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.8% | -5.3% |
% Black | 0.6% | 100.0% |
% Hispanic | 4.3% | 1,333.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | 350.0% |
Mortgage and Risk — Altamont, IL
According to HUD data as of 2023, there were 48 mortgage originations in Altamont, IL, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Altamont, IL. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 48 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Altamont, IL
Altamont, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Altamont, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $159,000 |
| Median Household Income | $75,900 |