Altoona, PA


Highest Appreciating Altoona Neighborhoods Since 2000

Altoona, PA 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 a population of 45,344, 18,735 total housing units (homes and apartments), and a median house value of $84,090, house prices in Altoona are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Altoona, accounting for 72.07% of the city's housing units. Other types of housing that are prevalent in Altoona include large apartment complexes or high rise apartments ( 11.69%), duplexes, homes converted to apartments or other small apartment buildings ( 10.83%), and a few row houses and other attached homes ( 4.63%).

The most prevalent building size and type in Altoona are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.69% owning and 36.31% renting.

The housing in Altoona was primarily built before 1939 ( 47.88%), making the housing stock in Altoona some of the oldest overall in America, although there is a range of ages of homes in Altoona. The next most important housing age is between 1940-1969 ( 34.52%), followed by between 1970-1999 ( 16.52%). There's also some housing in Altoona built between 2000 and later ( 1.08%).

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 7.57%, which ranks in the top 40% nationwide. This equates to an annual average Altoona house appreciation rate of 0.73%.

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 0.51%, 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 1.07%, which equates to an annual appreciation rate of 4.36%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Altoona differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Altoona - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Altoona real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,023,000 0.2
$767,001 - $1,023,000 0.0
$511,001 - $767,000 0.3
$409,001 - $511,000 0.1
$306,001 - $409,000 0.8
$205,001 - $306,000 3.7
$102,001 - $205,000 27.3
$51,001 - $102,000 46.1
$0 - $51,000 21.5

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.9292159849994 86.8599033816425

Number Of Homes And Apartments:

Altoona Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
35.48% 1.78% 3 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$772 / per month

Homeownership Rate

Owners 63.69
Renters 36.31
Vacant 9.78

Housing Market Details


Age of Homes

2000 or Newer 1.1
1970 - 1999 16.5
1940 - 1969 34.5
1939 or Older 47.9

Types of Homes

Single-Family 72.1
Townhomes 4.6
Small Apt. Buildings 10.8
Apt. Complexes 11.7
Mobile Homes 0.8
Other 0.0

Home Size

No Bedroom 2.39
1 Bedroom 11.32
2 Bedrooms 22.48
3 Bedrooms 47.22
4 Bedrooms 13.72
5 or more bedrooms 2.87