The typical owner-occupied home in Alto is worth about $93,800, 67% below the Texas median of $283,800 and 72% below the national median of $332,700. Owners pay a median $993 a year in property taxes, about 1.06% of their home's value, lower than the Texas rate of 1.49%. The median household earns $61,688 a year, so the median home costs 1.5 times the median income (3.6 times for Texas). 55% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Alto at a glance
| Alto | Texas | U.S. | |
|---|---|---|---|
| Median home value | $93,800 | $283,800 | $332,700 |
| Median property tax paid per year | $993 | $4,232 | $3,119 |
| Property tax as a share of value | 1.06% | 1.49% | 0.94% |
| Median household income | $61,688 | $78,476 | $80,734 |
| Homes lived in by their owners | 55% | 63% | 65% |
| Owner homes with a mortgage | 30% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 9.0% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Rent as a share of renters' income | 21.8% | 30.9% | 30.6% |
| Median year homes were built | 1975 | 1992 | 1980 |
| Vacant homes | 24.0% | 9.4% | 10.1% |
| Population | 1,222 | 30,188,424 | 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 $93,800 with 20% down costs about $627 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $783, 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 $26,860 for the 20%-down payment. That payment is 12% of the median Alto household income of $61,688; at that income and 20% down, the 28% guideline points to a home of about $215,000.
| Down payment | $18,760 |
|---|---|
| Loan amount | $75,040 |
| Principal and interest | $505 |
| Property taxes (1.06% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $627 |
Change the numbers in the calculator
| Down payment | $3,283 |
|---|---|
| Loan amount | $92,101 |
| Principal and interest | $620 |
| Property taxes (1.06% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $41 |
| Total per month | $783 |
Change the numbers in the calculator
Questions about home buying in Alto
What is the median home value in Alto?
About $93,800 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 $993 a year, which is about 1.06% 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 $627 a month. Keeping that under 28% of gross income takes about $26,860 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