The typical owner-occupied home in Alto is worth about $192,200, 37% below the Georgia median of $303,300 and 42% below the national median of $332,700. Owners pay a median $950 a year in property taxes, about 0.49% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $81,250 a year, so the median home costs 2.4 times the median income (3.9 times for Georgia). 82% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Alto at a glance
| Alto | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $192,200 | $303,300 | $332,700 |
| Median property tax paid per year | $950 | $2,341 | $3,119 |
| Property tax as a share of value | 0.49% | 0.77% | 0.94% |
| Median household income | $81,250 | $77,353 | $80,734 |
| Homes lived in by their owners | 82% | 66% | 65% |
| Owner homes with a mortgage | 49% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,013 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 20.0% | 21.0% |
| Median rent | $1,051 | $1,393 | $1,413 |
| Rent as a share of renters' income | 27.5% | 31.3% | 30.6% |
| Median year homes were built | 1992 | 1992 | 1980 |
| Vacant homes | 24.4% | 10.3% | 10.1% |
| Population | 1,055 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Alto
At this week's average 30-year rate of 7.11%, buying the median Alto home of $192,200 with 20% down costs about $1,193 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,513, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $51,125 for the 20%-down payment. That payment is 18% of the median Alto household income of $81,250; at that income and 20% down, the 28% guideline points to a home of about $305,000.
The median rent here is $1,051 a month, so owning the median home costs about $142 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $38,440 |
|---|---|
| Loan amount | $153,760 |
| Principal and interest | $1,034 |
| Property taxes (0.49% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| PMI | $0 |
| Total per month | $1,193 |
Change the numbers in the calculator
| Down payment | $6,727 |
|---|---|
| Loan amount | $188,719 |
| Principal and interest | $1,270 |
| Property taxes (0.49% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $80 |
| FHA mortgage insurance | $85 |
| Total per month | $1,513 |
Change the numbers in the calculator
Questions about home buying in Alto
What is the median home value in Alto?
About $192,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Alto?
Homeowners pay a median $950 a year, which is about 0.49% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Alto?
For the median home with 20% down at 7.11%, the payment is about $1,193 a month. Keeping that under 28% of gross income takes about $51,125 a year.
More about Alto
- Mortgage Refinance in Alto
- Debt Relief in Alto
- Home Equity Loans in Alto
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data