Altoona, IA 50009 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Altoona, IA—50009

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$317,000

1.3% YoY Growth

Household Income

$90,400

12.7% YoY Growth

Days on Market

12.0% Shorter YoY

Home Price Forecast

0.7%

Median Rent

$1,320

8.8% YoY Growth

1-Bed Rent

$909

N/A

2-Bed Rent

$1,640

39.0% YoY Growth

3-Bed Rent

$1,400

12.2% YoY Growth

Home Price Trends — Altoona, IA

As of Dec '25, the median home price in Altoona, IA is $317,000, with a year-over-year change of 1.3%. This indicates that home prices in Altoona, IA are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$317,000	1.3%
Single Family	$324,000	0.9%
Condos	$206,000	3.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Altoona, IA

As of July '25, Rentcast reports the average rent in Altoona, IA is $1,560, with a year-over-year rent change of -8.8%. Per bedroom, the median rent as of July '25 in Altoona, IA is studios: $859, 1-bedrooms: $1,240, 2-bedrooms: $1,460, 3-bedrooms: $1,580, 4-bedrooms: $2,430. The most common rental property sizes in Altoona, IA are 2-bedroom and 1-bedroom, accounting for 39.7% and 26.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,320	$1,560
Studio Rent	$916	$859
1 Bed Rent	$909	$1,240
2 Bed Rent	$1,640	$1,460
3 Bed Rent	$1,400	$1,580
4 Bed Rent	$2,440	$2,430

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% of Rental Stock

Studio

2.2%

1 Bedroom

26.5%

2 Bedrooms

39.7%

3 Bedrooms

25.2%

4 Bedrooms

6.4%

Property Listings — Altoona, IA

As of Dec '25, Realtor.com reports that the median days on market for a home in Altoona, IA is 52. This is a decrease of -12.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$360,000	3.0%
Listing Count	181	10.0%
Listings as % of Homes	1.4%	10.0%
Days on Market	61	-12.0%

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Demographics — Altoona, IA

As of the latest ACS Survey released in 2023, Altoona, IA has a population of 22,000, which has increased by 12.4% over the past 5 years. Altoona, IA is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	22,000	12.4%
% Under 18	25.5%	-9.6%
% Seniors	15.4%	27.3%
% WFH	13.1%	244.7%
% w/ College Degree	33.2%	6.8%

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As of the latest ACS Survey released in 2023, Altoona, IA is a predominantly white area, with 84.5% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Altoona, IA is hispanic, making up 6.8% of the population. Foreign-born residents account for 5.1% of the population in Altoona, IA, and this percentage has increased by 292.3% 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	84.5%	-9.9%
% Black	3.3%	266.7%
% Hispanic	6.8%	126.7%
% Asian	1.5%	150.0%
% Foreign Born	5.1%	292.3%

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Mortgage and Risk — Altoona, IA

According to HUD data as of 2023, there were 558 mortgage originations in Altoona, IA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Altoona, IA. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	558
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	4.0%
% Second Loans	0.0%
% Cash Out Refinance	5.0%

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Rentals and Section 8 — Altoona, IA

As of 2024, the percent of homes in Altoona, IA under the Section 8 program is 3.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Altoona, IA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	108
Total Units Section 8	108
% Rentals under Section 8	3.7%
% Occupied Section 8	80.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$171	$909	$1,080
2 Bedroom	-$350	$1,640	$1,290
3 Bedroom	$330	$1,400	$1,730
4 Bedroom	-$700	$2,440	$1,740

Altoona, IA—50009

Key Metrics at a Glance

Home Price Trends — Altoona, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Altoona, IA

% of Rental Stock

Property Listings — Altoona, IA

Demographics — Altoona, IA

Race and Ethnicity

Mortgage and Risk — Altoona, IA

Mortgages

Rentals and Section 8 — Altoona, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Altoona, IA

Home Price to Income Ratio

Altoona, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Hill, IA

Bondurant, IA

Berwick

West Des Moines Fringe, Des Moines, IA

Mitchellville, IA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$317,000
Median Household Income	$90,400

Altoona, IA—50009

Key Metrics at a Glance

Home Price Trends — Altoona, IA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Altoona, IA

% of Rental Stock

Property Listings — Altoona, IA

Demographics — Altoona, IA

Race and Ethnicity

Mortgage and Risk — Altoona, IA

Mortgages

Rentals and Section 8 — Altoona, IA

Section 8 Market Size

Section 8 Opportunity

Affordability — Altoona, IA

Home Price to Income Ratio

Altoona, IA — ZIP Code Boundary Map

Nearby ZIP Codes

Pleasant Hill, IA

Bondurant, IA

Berwick

West Des Moines Fringe, Des Moines, IA

Mitchellville, IA

Frequently Asked Questions

What is the average home price in Altoona, IA 50009?

How have home prices in Altoona, IA 50009 changed over the past year?

What is the home price projection for Altoona, IA 50009?

What are the demographics of Altoona, IA 50009?

How long does it take homes to sell in Altoona, IA 50009?

What is the average rent price in Altoona, IA 50009?