Altoona, PA—16601
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Altoona, PA
Home Price Trends — Altoona, PA
As of Oct '25, the median home price in Altoona, PA is $137,000, with a year-over-year change of 4.0%. This indicates that home prices in Altoona, PA are increasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | 4.0% |
| Single Family | $136,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $122,000 | 0.8% |
3 Bed | $143,000 | 0.7% |
4 Bed | $163,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altoona, PA
As of July '25, Rentcast reports the average rent in Altoona, PA is $858, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Altoona, PA is studios: $750, 1-bedrooms: $746, 2-bedrooms: $972, 3-bedrooms: $1,020, 4-bedrooms: $1,100. The most common rental property sizes in Altoona, PA are 1-bedroom and 2-bedroom, accounting for 31.0% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $858 |
| Studio Rent | $750 | $750 |
| 1 Bed Rent | $750 | $746 |
| 2 Bed Rent | $875 | $972 |
| 3 Bed Rent | $975 | $1,020 |
| 4 Bed Rent | $1,100 | $1,100 |
% of Rental Stock
Property Listings — Altoona, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Altoona, PA is 49. This is a decrease of -27.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $139,000 | 9.0% |
Listing Count | 75 | 18.0% |
| Listings as % of Homes | 0.3% | 18.0% |
Days on Market | 49 | -27.0% |
Demographics — Altoona, PA
As of the latest ACS Survey released in 2023, Altoona, PA has a population of 33,400, which has increased by 4.4% over the past 5 years. Altoona, PA is a moderately popular place for families, as children make up 20.2% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 4.4% |
% Under 18 | 20.2% | -1.0% |
% Seniors | 19.0% | 10.5% |
% WFH | 4.9% | 63.3% |
% w/ College Degree | 23.8% | 31.5% |
As of the latest ACS Survey released in 2023, Altoona, PA is a predominantly white area, with 90.1% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Altoona, PA is black, making up 2.8% of the population. Foreign-born residents account for 1.4% of the population in Altoona, PA, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.1% | -3.3% |
% Black | 2.8% | 3.7% |
% Hispanic | 1.4% | 7.7% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 1.4% | 40.0% |
Mortgage and Risk — Altoona, PA
According to HUD data as of 2023, there were 502 mortgage originations in Altoona, PA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Altoona, PA. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 502 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Altoona, PA
As of 2024, the percent of homes in Altoona, PA under the Section 8 program is 19.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Altoona, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,396 |
Total Units Section 8 | 809 |
% Rentals under Section 8 | 19.5% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $750 | $860 |
| 2 Bedroom | $155 | $875 | $1,030 |
| 3 Bedroom | $325 | $975 | $1,300 |
| 4 Bedroom | $390 | $1,100 | $1,490 |
Affordability — Altoona, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $137,000 |
| Median Household Income | $55,500 |