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Alton city, IA

ZIP 51003 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 51003

Median Home Value
$226,300
Median Rent
$629
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,454/mo PITI).

9%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

30.0 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 51003 in Alton city, IA, a household would need roughly $62,000 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 $1,454. That sits below the local median household income ($85,909), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
88.0%+35% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
11.3%-24% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
7.1%-86% vs US avg
x
Mortgage-Free
36.1%-5% vs US avg
x
$226,300
Home Value
$629
Rent
1970
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached81.8%
  • 1-unit attached3.0%
  • 2-9 units10.6%
  • 10+ units1.6%
  • Mobile home & other3.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$226,300
Median rent$629
Owner-occupied88.0%
Vacant7.1%
Price-to-income2.6x
Est. income to buy$62,000