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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 21,698, 7,865 total housing units (homes and apartments), and a median house value of $304,468, 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 60.83% of the city's housing units. Other types of housing that are prevalent in Altoona include large apartment complexes or high rise apartments ( 21.73%), row houses and other attached homes ( 10.85%), and a few mobile homes or trailers ( 3.68%).
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 67.79% of Altoona's homes, and 63.69% 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. 46.61% 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 ( 41.25%), and between 1940-1969 ( 9.91%). There's also some housing in Altoona built before 1939 ( 2.24%).
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 5.70%, 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 6.79%, 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 1.62%, which equates to an annual appreciation rate of 6.65%.
Relative to Iowa, our data show that Altoona's latest annual appreciation rate is lower than 80% of the other cities and towns in Iowa.
$304,468
for Iowa
for nation
7,865
$1,480 / per month