US5.com
  1. Home
  2. States
  3. Illinois
  4. ZIP 62002
  5. Housing & Real Estate
Alton city, IL

ZIP 62002 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 62002

Median Home Value
$114,300
Median Rent
$692
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$734/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

13.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 62002 in Alton city, IL, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $734. That sits below the local median household income ($57,851), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.4%-3% vs US avg
x
Vacancy Rate
12.2%+18% vs US avg
x
Broadband Access
88.4%+2% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
15.3%+19% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
22.3%-55% vs US avg
x
Mortgage-Free
40.4%+6% vs US avg
x
$114,300
Home Value
$692
Rent
1955
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.6%
  • 1-unit attached0.9%
  • 2-9 units12.5%
  • 10+ units6.8%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$114,300
Median rent$692
Owner-occupied63.4%
Vacant12.2%
Price-to-income2.0x
Est. income to buy$31,000