Altoona, WI—54720
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Altoona, WI
As of Oct '25, the median home price in Altoona, WI is $328,000, with a year-over-year change of 0.0%. This indicates that home prices in Altoona, WI are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | 0.0% |
| Single Family | $329,000 | 0.3% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Altoona, WI
As of July '25, Rentcast reports the average rent in Altoona, WI is $1,330, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Altoona, WI is studios: $368, 1-bedrooms: $1,110, 2-bedrooms: $1,290, 3-bedrooms: $1,690, 4-bedrooms: $2,200. The most common rental property sizes in Altoona, WI are 2-bedroom and 3-bedroom, accounting for 41.3% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,320 | $1,330 |
| Studio Rent | $375 | $368 |
| 1 Bed Rent | $1,200 | $1,110 |
| 2 Bed Rent | $1,380 | $1,290 |
| 3 Bed Rent | $1,700 | $1,690 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Altoona, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Altoona, WI is 48. This is a decrease of -48.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | 7.0% |
Listing Count | 28 | -51.0% |
| Listings as % of Homes | 0.6% | -51.0% |
Days on Market | 48 | -48.0% |
Demographics — Altoona, WI
As of the latest ACS Survey released in 2023, Altoona, WI has a population of 9,130, which has increased by 20.0% over the past 5 years. Altoona, WI is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 41.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,130 | 20.0% |
% Under 18 | 23.6% | -2.9% |
% Seniors | 16.7% | -0.6% |
% WFH | 13.6% | 78.9% |
% w/ College Degree | 41.2% | 42.6% |
As of the latest ACS Survey released in 2023, Altoona, WI is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Altoona, WI is hispanic, making up 4.3% of the population. Foreign-born residents account for 0.6% of the population in Altoona, WI, and this percentage has decreased by 88.5% 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 | 88.2% | -0.8% |
% Black | 1.9% | 171.4% |
% Hispanic | 4.3% | 10.3% |
% Asian | 1.2% | -67.6% |
% Foreign Born | 0.6% | -88.5% |
Mortgage and Risk — Altoona, WI
According to HUD data as of 2023, there were 165 mortgage originations in Altoona, WI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Altoona, WI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 165 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Altoona, WI
As of 2024, the percent of homes in Altoona, WI under the Section 8 program is 6.0%. 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. In Altoona, WI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 77.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$310 | $1,200 | $890 |
| 2 Bedroom | -$290 | $1,380 | $1,090 |
| 3 Bedroom | -$200 | $1,700 | $1,500 |
| 4 Bedroom | -$620 | $2,200 | $1,580 |
Affordability — Altoona, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $328,000 |
| Median Household Income | $81,100 |