Alton, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Alton, Texas rental market.
Alton, Texas
Average Apartment Rent
$797
Y-o-Y Change in Average
Apartment Rent
6.4%
As of November 2024
Compared to a year ago, Alton, Texas apartments have recorded a 6.4% rent increase.
Alton, Texas Average apartment rent trend
Alton, Texas Average Apartment Rent
Alton, Texas Apartment rent ranges
At 89.29%, apartments priced $700 - $1000 represent the bulk of Alton, Texas rentals, while condos priced $500 - $700 hold the lowest share of the market – 10.71%.
Alton, Texas Housing tenure**
Renters take up 39% of Alton, Texas real estate, occupying a total of 1,932 units, while homeowners live in 3,026 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$32,256
Average household size of renter-occupied housing units**
3.82
Rental vacancy rate**
9.4%
Alton, Texas Renter-occupied housing units by no. of bedrooms**
There are 878 rentals in Alton, Texas with 2 beds making up the highest share of the market, at 45%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 72 units. Overall, the median number of rooms in Alton, Texas homes for rent is 4.
Alton, Texas Renter-occupied units by age of householder**
Most condos for rent in Alton, Texas are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Alton, Texas Renter-occupied housing units by family type**
Alton, Texas Renter-occupied housing units by the presence of own children**
A total of 1,560 apartments for rent in Alton, Texas, or 81% of all rentals are family households. Additionally, 65% of rental homes include children under the age of 18 – that’s 1,261 units. All in all, the median size of a renter-occupied household in Alton, Texas is 3.82.
Alton, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 6% of the rental market. In contrast, residents with less than a high school degree reside in 39% of the homes for rent in Alton, Texas.
Alton, Texas Renter-occupied units by year structure built**
The highest share of Alton, Texas apartment rentals, namely 34% or 653 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (31%, 601 units), and the ones Built 1990 - 1999 (20%, 382 units).
Alton, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Alton, Texas renters (47%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Alton, Texas condos for rent is 2018.
Alton, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 39% of Alton, Texas renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 13% have 3 vehicles available.
Alton, Texas Means of transportation to work of householders living in renter-occupied housing units**
Alton, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Alton, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
