Altoona, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Altoona, IA Real Estate Data


Altoona Housing Market Information

With a population of 16,984, 5,843 total housing units (homes and apartments), and a median house value of $187,742, Altoona real estate is some of the most expensive in Iowa, although Altoona home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Altoona, accounting for 62.76% of the city's housing units. Other types of housing that are prevalent in Altoona include large apartment complexes or high rise apartments ( 16.67%), row houses and other attached homes ( 13.67%), and a few mobile homes or trailers ( 3.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Altoona. Owner-occupied housing accounts for 71.98% of Altoona's homes, and 64.06% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 36.55%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.95%). There's also some housing in Altoona built before 1939 ( 3.05%).

Altoona Home Appreciation Rates

Appreciation rates for homes in Altoona have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.94%, which ranks in the top 50% nationwide. This equates to an annual average Altoona house appreciation rate of 0.67%.

NeighborhoodScout's data show that during the latest twelve months, Altoona's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Altoona's appreciation rate has been 2.05%, which annualizes to a rate of 8.47%.

Relative to Iowa, our data show that Altoona's latest annual appreciation rate is higher than 60% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$187,742

Altoona, IA HOME PRICES

Value Range
> $1,129,000 0.0
$846,001 - $1,129,000 0.0
$565,001 - $846,000 0.4
$452,001 - $565,000 0.0
$339,001 - $452,000 4.4
$226,001 - $339,000 25.7
$113,001 - $226,000 57.3
$56,001 - $113,000 5.4
$0 - $56,000 6.7

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
36.5579434326872 13.8271604938272

Number Of Homes And Apartments:
5,843

Rent & Ownership

 

Average Market Rent:
$966 / per month

Homeownership Rate

Homeownership
Owners 71.98
Renters 28.02
Vacant 4.20

Housing Market Details

 

Age of Homes

AGE OF Altoona HOMES
2000 or Newer 36.5
1970 - 1999 49.5
1940 - 1969 11.0
1939 or Older 3.0

Types of Homes

TYPE OF Altoona HOMES
Single-Family 62.8
Townhomes 13.7
Small Apt. Buildings 3.2
Apt. Complexes 16.7
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Altoona HOMES
No Bedroom 1.36
1 Bedroom 6.33
2 Bedrooms 25.97
3 Bedrooms 45.71
4 Bedrooms 18.35
5 or more bedrooms 2.28

Altoona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.96% 1.46% 2 3
* 10 is highest