Altoona, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Altoona Neighborhoods Since 2000




Altoona, IA 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 16,984 people, 5,928 houses or apartments, and a median cost of homes of $182,516, Altoona real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Altoona, accounting for 61.43% of the city's housing units. Other types of housing that are prevalent in Altoona include large apartment complexes or high rise apartments ( 16.48%), row houses and other attached homes ( 15.41%), and a few mobile homes or trailers ( 4.13%).

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 72.36% of Altoona's homes, and 62.57% 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 ( 37.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.14%). There's also some housing in Altoona built before 1939 ( 3.84%).

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 5.96%, which ranks in the top 40% nationwide. This equates to an annual average Altoona house appreciation rate of 0.58%.

NeighborhoodScout's data show that during the latest twelve months, Altoona's appreciation rate, at 3.88%, has been at or slightly above the national average. In the latest quarter, Altoona's appreciation rate has been 1.37%, which annualizes to a rate of 5.58%.

Relative to Iowa, our data show that Altoona's latest annual appreciation rate is lower than 50% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$182,516

Altoona, IA HOME PRICES

Value Range
> $1,104,000 0.0
$828,001 - $1,104,000 0.0
$552,001 - $828,000 0.0
$441,001 - $552,000 0.0
$331,001 - $441,000 4.3
$221,001 - $331,000 27.6
$110,001 - $221,000 56.2
$55,001 - $110,000 6.1
$0 - $55,000 5.8

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
37.2905191609047 17.037037037037

Number Of Homes And Apartments:
5,928

Altoona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
26.81% 1.39% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$897 / per month

Homeownership Rate

Homeownership
Owners 72.36
Renters 27.64
Vacant 3.64

Housing Market Details

 

Age of Homes

AGE OF Altoona HOMES
2000 or Newer 37.7
1970 - 1999 48.3
1940 - 1969 10.1
1939 or Older 3.8

Types of Homes

TYPE OF Altoona HOMES
Single-Family 61.4
Townhomes 15.4
Small Apt. Buildings 2.6
Apt. Complexes 16.5
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Altoona HOMES
No Bedroom 1.46
1 Bedroom 6.49
2 Bedrooms 26.72
3 Bedrooms 43.77
4 Bedrooms 18.79
5 or more bedrooms 2.76