Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,183 people, 4,098 houses or apartments, and a median cost of homes of $200,510, house prices in Bethalto are solidly below the national average.
Single-family detached homes are the single most common housing type in Bethalto, accounting for 76.85% of the village's housing units. Other types of housing that are prevalent in Bethalto include large apartment complexes or high rise apartments ( 11.31%), duplexes, homes converted to apartments or other small apartment buildings ( 6.48%), and a few row houses and other attached homes ( 4.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bethalto. Owner-occupied housing accounts for 79.81% of Bethalto's homes, and 55.33% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Bethalto's housing was primarily built during this period, from the '40s through the '60s. A full 38.77% of the village's housing hails from this era. Other housing ages represented in Bethalto include homes built between 1970-1999 ( 36.50%) and housing constructed between 2000 and later ( 20.76%). There's also some housing in Bethalto built before 1939 ( 3.97%).
Bethalto's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bethalto during the period has been just 5.22%, which is lower than 80% of US communities.
Appreciation rates are so strong in Bethalto that despite a nationwide downturn in the housing market, Bethalto real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bethalto appreciation rates continue to be some of the highest in America, at 5.62%, which is higher than appreciation rates in 72.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bethalto. Bethalto appreciation rates in the latest quarter were at 0.58%, which equates to an annual appreciation rate of 2.33%.
Relative to Illinois, our data show that Bethalto's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.
$200,510
for Illinois
for nation
4,098
$1,289 / per month