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Altoona, PA—16601

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$137,000
4.3% YoY Growth
Household Income
$55,500
26.7% YoY Growth
Days on Market
59
7.0% Shorter YoY
Home Price Forecast
0.1%
Median Rent
$750
7.9% YoY Growth
1-Bed Rent
$750
0.4% YoY Growth
2-Bed Rent
$875
11.6% YoY Growth
3-Bed Rent
$975
3.2% YoY Growth

Other Zip Codes in Altoona, PA

16602
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Altoona, PA

As of Dec '25, the median home price in Altoona, PA is $137,000, with a year-over-year change of 4.3%. This indicates that home prices in Altoona, PA are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$137,0004.3%
Single Family $136,0003.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$121,0000.8%
    3 Bed
    		$143,0000.7%
    4 Bed
    		$163,0003.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    10.2%
    2 Bedrooms
    22.8%
    3 Bedrooms
    45.7%
    4 Bedrooms
    16.1%
    5+ Bedrooms
    3.1%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    5.3%
    1 Bedroom
    31.0%
    2 Bedrooms
    26.9%
    3 Bedrooms
    26.1%
    4 Bedrooms
    8.3%
    5+ Bedrooms
    2.3%

    Property Listings — Altoona, PA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Altoona, PA is 54. This is a decrease of -16.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$140,00021.0%
    Listing Count
    		7219.0%
    Listings as % of Homes0.3%19.0%
    Days on Market
    		59-7.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		33,4004.4%
    % Under 18
    		20.2%-1.0%
    % Seniors
    		19.0%10.5%
    % WFH
    		4.9%63.3%
    % w/ College Degree
    		23.8%31.5%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$137,000
    Median Household Income$55,500

    Altoona, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Altoona, PA

    16602

    Bellwood, PA

    16617

    Hollidaysburg, PA

    16648

    Blandburg

    16619

    Condron, PA

    16636

    Frequently Asked Questions