Altoona, FL—32702
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altoona, FL
As of Oct '25, the median home price in Altoona, FL is $266,000, with a year-over-year change of -5.3%. This indicates that home prices in Altoona, FL are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $266,000 | -5.3% |
| Single Family | $266,000 | -5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | -8.0% |
3 Bed | $348,000 | -3.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altoona, FL
As of July '25, Rentcast reports the average rent in Altoona, FL is $900, with a year-over-year rent change of -51.4%. Per bedroom, the median rent as of July '25 in Altoona, FL is 2-bedrooms: $900. The most common rental property sizes in Altoona, FL are 2-bedroom and 1-bedroom, accounting for 55.7% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Altoona, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Altoona, FL is 52. This is a decrease of -39.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -11.0% |
Listing Count | 14 | 150.0% |
| Listings as % of Homes | 0.4% | 150.0% |
Days on Market | 52 | -39.0% |
Demographics — Altoona, FL
As of the latest ACS Survey released in 2023, Altoona, FL has a population of 2,730, which has decreased by -2.2% over the past 5 years. Altoona, FL is a less popular place for families, as children make up 12.1% of the population. The area has a poorly educated workforce, with 18.5% 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 | 2,730 | -2.2% |
% Under 18 | 12.1% | -44.5% |
% Seniors | 33.9% | 3.4% |
% WFH | 4.9% | 880.0% |
% w/ College Degree | 18.5% | 11.4% |
As of the latest ACS Survey released in 2023, Altoona, FL is a predominantly white area, with 89.8% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Altoona, FL is hispanic, making up 5.3% of the population. Foreign-born residents account for 1.0% of the population in Altoona, FL, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.8% | 0.3% |
% Black | 3.3% | -42.1% |
% Hispanic | 5.3% | 82.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -50.0% |
Mortgage and Risk — Altoona, FL
According to HUD data as of 2023, there were 12 mortgage originations in Altoona, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Altoona, FL. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 12 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Altoona, FL
Altoona, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,480 |
| 2 Bedroom | $780 | $900 | $1,680 |
| 3 Bedroom | N/A | N/A | $2,130 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Altoona, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $266,000 |
| Median Household Income | $51,800 |