Altamont, IL 62411 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Altamont, IL—62411

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$160,000

5.2% YoY Growth

Household Income

$75,900

55.6% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Altamont, IL

As of Dec '25, the median home price in Altamont, IL is $160,000, with a year-over-year change of 5.2%. This indicates that home prices in Altamont, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$160,000	5.2%
Single Family	$159,000	5.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

19.3%

1 Bedroom

11.6%

2 Bedrooms

42.5%

3 Bedrooms

18.9%

4 Bedrooms

7.6%

Property Listings — Altamont, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Altamont, IL is 81. This is a increase of 48.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$192,000	37.0%
Listing Count	11	-24.0%
Listings as % of Homes	0.5%	-24.0%
Days on Market	78	39.0%

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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%

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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%

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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%

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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

Altamont, IL—62411

Key Metrics at a Glance

Home Price Trends — Altamont, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Altamont, IL

% of Rental Stock

Property Listings — Altamont, IL

Demographics — Altamont, IL

Race and Ethnicity

Mortgage and Risk — Altamont, IL

Mortgages

Rentals and Section 8 — Altamont, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Altamont, IL

Home Price to Income Ratio

Altamont, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Saint Elmo, IL

Beecher City, IL

Shumway, IL

Mason, IL

Watson, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$160,000
Median Household Income	$75,900

Altamont, IL—62411

Key Metrics at a Glance

Home Price Trends — Altamont, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Altamont, IL

% of Rental Stock

Property Listings — Altamont, IL

Demographics — Altamont, IL

Race and Ethnicity

Mortgage and Risk — Altamont, IL

Mortgages

Rentals and Section 8 — Altamont, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Altamont, IL

Home Price to Income Ratio

Altamont, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Saint Elmo, IL

Beecher City, IL

Shumway, IL

Mason, IL

Watson, IL

Frequently Asked Questions

What is the average home price in Altamont, IL 62411?

How have home prices in Altamont, IL 62411 changed over the past year?

What is the home price projection for Altamont, IL 62411?

What are the demographics of Altamont, IL 62411?

How long does it take homes to sell in Altamont, IL 62411?

What is the average rent price in Altamont, IL 62411?