Altoona, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Altoona Neighborhoods Since 2000




Altoona, AL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Altoona Housing Market Information

With 924 people, 325 houses or apartments, and a median cost of homes of $70,697, house prices in Altoona are some of the most affordable in Alabama as well as the nation.

Single-family detached homes are the single most common housing type in Altoona, accounting for 60.62% of the town's housing units. Other types of housing that are prevalent in Altoona include large apartment complexes or high rise apartments ( 16.47%), mobile homes or trailers ( 13.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.35%).

People in Altoona primarily live in small (one, two or no bedroom) single-family detached homes. Altoona has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Altoona built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Altoona built between 1940-1969 ( 36.75%). A lesser amount of the housing stock also hails from before 1939 ( 11.22%). There's also some housing in Altoona built between 2000 and later ( 6.68%).

Vacant housing appears to be an issue in Altoona. Fully 22.43% of the housing stock is classified as vacant. Left unchecked, vacant Altoona homes and apartments can be a drag on the real estate market, holding Altoona real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Altoona Home Appreciation Rates

Altoona's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Altoona during the period has been just -1.24%, which is lower than 70% of US communities.

Over the last year, Altoona appreciation rates have trailed the rest of the nation. In the last twelve months, Altoona's appreciation rate has been -0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Altoona were at -5.87%, which equates to an annual appreciation rate of -21.48%.

Notably, Altoona's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Altoona's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$70,697

Altoona, AL HOME PRICES

Value Range
> $949,000 0.0
$711,001 - $949,000 0.0
$474,001 - $711,000 0.0
$379,001 - $474,000 0.0
$284,001 - $379,000 3.3
$190,001 - $284,000 5.5
$95,001 - $190,000 26.2
$48,001 - $95,000 37.2
$0 - $48,000 27.8

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
94.9607406539318 87.75

Number Of Homes And Apartments:
325

Altoona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
9.60% 0.53% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$643 / per month

Homeownership Rate

Homeownership
Owners 51.02
Renters 48.98
Vacant 22.43

Housing Market Details

 

Age of Homes

AGE OF Altoona HOMES
2000 or Newer 6.7
1970 - 1999 45.3
1940 - 1969 36.8
1939 or Older 11.2

Types of Homes

TYPE OF Altoona HOMES
Single-Family 60.6
Townhomes 0.7
Small Apt. Buildings 8.4
Apt. Complexes 16.5
Mobile Homes 13.8
Other 0.0

Home Size

SIZE OF Altoona HOMES
No Bedroom 0.00
1 Bedroom 16.23
2 Bedrooms 32.70
3 Bedrooms 43.68
4 Bedrooms 4.53
5 or more bedrooms 2.86

Popular Neighborhoods in Altoona

Zip Codes in Altoona, AL