Commercial Real Estate Market in Altamont, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 156 off-market properties in Altamont, IL.
Market Trends
Altamont, IL spans 85.3 square miles in Effingham County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Altamont, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Altamont, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Altamont, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Altamont, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 73.8%
- Commercial 18.3%
- Industrial 7.7%
Largest Zones share of zoned land by district
Single Family Residence Small Lot
Single Family Residence Large Lot
Highway Business
Industrial
Multifamily Residence
Altamont, IL zones 976 acres across 9 districts. Commercial zoning covers 18.3% of zoned land, residential 73.8% and industrial 7.7%. The largest single district is Single Family Residence Small Lot at 48.8%. For commercial buyers the practical constraint is that only 26% of land carries a commercial or industrial designation.
Single Family Residence Small Lot (SR-2)
I, the entire municipality is hereby divided into the following zoning districts: DISTRICT DESIGNATION MINIMUM AREA* Agricultural A-1 3 acres Single Family Residence (Large) SR-1 5 acres Single Family Residence (Small) SR-2 5 acres Multi-Family Residence MR-1 5 acres Multi-Family Residence MR-2 3 acres Mobile Housing MH-1 3 acres Neighborhood Business B-1 1…
Market overview
Demographics & Economy
Altamont, IL has 4,408 residents in 1,932 households. Density runs 52 people per square mile. Median household income here is $75,932 and median gross rent $864 a month.
4,408
Population
1,932
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
92%
High-School Grad
85.3 sq mi
ZIP Area
52
Density / Sq Mi
$75,932
Median Household Income
$44,815
Median Earnings
$864
Median Rent
$139,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jackson | — | — |
| Gilmore | — | — |
| Saint Elmo | — | — |
| Funkhouser | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Altamont?
Altamont, IL zones 976 acres across 9 districts, of which 18.3% is commercial and 7.7% industrial. The largest single district is Single Family Residence Small Lot at 48.8% of zoned land. I, the entire municipality is hereby divided into the following zoning districts: DISTRICT DESIGNATION MINIMUM AREA* Agricultural A-1 3 acres Single Family Residence (Large) SR-1 5 acres Single Family Residence (Small) SR-2 5 acres Multi-Family Residence MR-1 5 acres Multi-Family Residence MR-2 3 acres Mobile Housing MH-1 3 acres Neighborhood Business B-1 1… Residential zoning covers 73.8% and open space 0%.
Where does Realmo's Altamont market data come from?
Realmo compiles Altamont, IL figures from 4 recent recorded sales, 2 active sale listings, 156 tracked off-market properties, the current Altamont zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Altamont, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 976 zoned acres across 9 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
