Alton, TX 78573 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Alton, TX—78573

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$213,000

0.4% YoY Growth

Household Income

$51,200

50.3% YoY Growth

Days on Market

8.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$1,100

0.8% YoY Growth

1-Bed Rent

$690

2.4% YoY Growth

2-Bed Rent

$1,000

2.0% YoY Growth

3-Bed Rent

$1,180

2.3% YoY Growth

Home Price Trends — Alton, TX

As of Dec '25, the median home price in Alton, TX is $213,000, with a year-over-year change of 0.4%. This indicates that home prices in Alton, TX are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$213,000	0.4%
Single Family	$213,000	0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Alton, TX

As of July '25, Rentcast reports the average rent in Alton, TX is $1,180, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Alton, TX is 1-bedrooms: $744, 2-bedrooms: $1,000, 3-bedrooms: $1,280, 4-bedrooms: $2,410. The most common rental property sizes in Alton, TX are 2-bedroom and 3-bedroom, accounting for 50.1% and 31.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,180
Studio Rent	N/A	N/A
1 Bed Rent	$690	$744
2 Bed Rent	$1,000	$1,000
3 Bed Rent	$1,180	$1,280
4 Bed Rent	$2,100	$2,410

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% of Rental Stock

Studio

2.6%

1 Bedroom

10.5%

2 Bedrooms

50.1%

3 Bedrooms

31.6%

4 Bedrooms

4.8%

5+ Bedrooms

0.4%

Property Listings — Alton, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Alton, TX is 77. This is a increase of 20.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$285,000	-2.0%
Listing Count	248	21.0%
Listings as % of Homes	1.1%	21.0%
Days on Market	78	8.0%

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Demographics — Alton, TX

As of the latest ACS Survey released in 2023, Alton, TX has a population of 42,900, which has increased by 10.4% over the past 5 years. Alton, TX is a popular place for families, as children make up 33.0% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	42,900	10.4%
% Under 18	33.0%	-6.5%
% Seniors	9.6%	26.3%
% WFH	9.1%	152.8%
% w/ College Degree	14.6%	7.4%

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As of the latest ACS Survey released in 2023, Alton, TX is a predominantly hispanic area, with 96.4% of the population identifying as hispanic. The hispanic population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Alton, TX is white, making up 2.8% of the population. Foreign-born residents account for 28.4% of the population in Alton, TX, and this percentage has decreased by 7.5% 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	2.8%	-15.2%
% Black	0.2%	-33.3%
% Hispanic	96.4%	0.5%
% Asian	0.4%	-42.9%
% Foreign Born	28.4%	-7.5%

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Mortgage and Risk — Alton, TX

According to HUD data as of 2023, there were 356 mortgage originations in Alton, TX, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 59.0% above 90% LTV (very high). This implies large mortgage risk in Alton, TX. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	356
% Conventional Loans	45.0%
% Government Loans	55.0%
% Investor Loans	6.0%
% Second Loans	1.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Alton, TX

As of 2024, the percent of homes in Alton, TX under the Section 8 program is 8.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Alton, TX, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	340
Total Units Section 8	337
% Rentals under Section 8	8.9%
% Occupied Section 8	97.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$60	$690	$750
2 Bedroom	-$70	$1,000	$930
3 Bedroom	$30	$1,180	$1,210
4 Bedroom	-$750	$2,100	$1,350

Alton, TX—78573

Key Metrics at a Glance

Home Price Trends — Alton, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alton, TX

% of Rental Stock

Property Listings — Alton, TX

Demographics — Alton, TX

Race and Ethnicity

Mortgage and Risk — Alton, TX

Mortgages

Rentals and Section 8 — Alton, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Alton, TX

Home Price to Income Ratio

Alton, TX — ZIP Code Boundary Map

Nearby ZIP Codes

McAllen, TX

La Homa, TX

McAllen, TX

Mission, TX

Edinburg, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$213,000
Median Household Income	$51,200

Alton, TX—78573

Key Metrics at a Glance

Home Price Trends — Alton, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Alton, TX

% of Rental Stock

Property Listings — Alton, TX

Demographics — Alton, TX

Race and Ethnicity

Mortgage and Risk — Alton, TX

Mortgages

Rentals and Section 8 — Alton, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Alton, TX

Home Price to Income Ratio

Alton, TX — ZIP Code Boundary Map

Nearby ZIP Codes

McAllen, TX

La Homa, TX

McAllen, TX

Mission, TX

Edinburg, TX

Frequently Asked Questions

What is the average home price in Alton, TX 78573?

How have home prices in Alton, TX 78573 changed over the past year?

What is the home price projection for Alton, TX 78573?

What are the demographics of Alton, TX 78573?

How long does it take homes to sell in Alton, TX 78573?

What is the average rent price in Alton, TX 78573?