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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Altoona, IA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Altoona, IA Housing Market Trends

With a population of 21,503, 7,526 total housing units (homes and apartments), and a median house value of $287,104, Altoona real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Altoona, accounting for 60.55% of the city's housing units. Other types of housing that are prevalent in Altoona include large apartment complexes or high rise apartments ( 21.87%), row houses and other attached homes ( 10.97%), and a few mobile homes or trailers ( 3.50%).

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 68.59% of Altoona's homes, and 64.12% have either three or four bedrooms, which is average sized relative to America.

Altoona homes and real estate are some of the newest in America. 46.18% of Altoona's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Altoona real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.15%), and between 1940-1969 ( 9.98%). There's also some housing in Altoona built before 1939 ( 2.69%).

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 5.12%, 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 4.42%, 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 -0.51%, which equates to an annual appreciation rate of -2.02%.

Relative to Iowa, our data show that Altoona's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$287,104

Altoona, IA Home Prices
> $1,233,000
$925,001 - $1,233,000
$616,001 - $925,000
$493,001 - $616,000
$370,001 - $493,000
$247,001 - $370,000
$123,001 - $247,000
$62,001 - $123,000
$0 - $62,000
0.0%
0.0%
0.0%
0.0%
4.2%
4.2%
7.1%
7.1%
20.4%
20.4%
38.4%
38.4%
24.2%
24.2%
2.0%
2.0%
3.7%
3.7%
0% 100.0%
% of Homes
Very High

for Iowa

Average

for nation

Number of Homes And Apartments:

7,526

Altoona Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,375 / per month

Homeownership Rate

Owners
Renters
68.6%
68.6%
31.4%
31.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.6%
4.6%
95.4%
95.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
46.2%
46.2%
41.2%
41.2%
10.0%
10.0%
2.7%
2.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.5%
60.5%
11.0%
11.0%
3.1%
3.1%
21.9%
21.9%
3.5%
3.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
8.9%
8.9%
20.7%
20.7%
38.6%
38.6%
25.5%
25.5%
5.5%
5.5%
0% 100.0%
% of Homes