Altoona, AL—35952
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altoona, AL
As of Oct '25, the median home price in Altoona, AL is $196,000, with a year-over-year change of 0.9%. This indicates that home prices in Altoona, AL are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 0.9% |
| Single Family | $196,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $227,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altoona, AL
Altoona, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Altoona, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Altoona, AL is 54. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $184,000 | -16.0% |
Listing Count | 26 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 54 | 0.0% |
Demographics — Altoona, AL
As of the latest ACS Survey released in 2023, Altoona, AL has a population of 8,900, which has increased by 19.0% over the past 5 years. Altoona, AL is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,900 | 19.0% |
% Under 18 | 19.4% | -21.8% |
% Seniors | 16.6% | -10.3% |
% WFH | 6.2% | 313.3% |
% w/ College Degree | 11.6% | 11.5% |
As of the latest ACS Survey released in 2023, Altoona, AL is a predominantly white area, with 86.9% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Altoona, AL is hispanic, making up 11.7% of the population. Foreign-born residents account for 6.7% of the population in Altoona, AL, and this percentage has increased by 26.4% 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 | 86.9% | 1.3% |
% Black | 0.2% | -80.0% |
% Hispanic | 11.7% | 31.5% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 6.7% | 26.4% |
Mortgage and Risk — Altoona, AL
According to HUD data as of 2023, there were 154 mortgage originations in Altoona, AL, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Altoona, AL. Investor activity is low, as 9.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 154 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 9.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Altoona, AL
Altoona, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 114 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,420 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Altoona, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $196,000 |
| Median Household Income | $45,000 |