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Altoona, IA—50009

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$321,000
0.5% YoY Growth
Household Income
$90,400
12.7% YoY Growth
Days on Market
64
10.0% Longer 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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Altoona, IA

As of May '26, the median home price in Altoona, IA is $321,000, with a year-over-year change of -0.5%. This indicates that home prices in Altoona, IA are flat. 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 TypeMedian Home ValueYoY % Change
All Homes
$321,000-0.5%
Single Family $325,000-0.9%
Condos $200,000-0.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$229,000-0.4%
    3 Bed
    		$310,0000.0%
    4 Bed
    		$366,0000.0%
    5 Bed $440,7760.2%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    7.6%
    2 Bedrooms
    20.8%
    3 Bedrooms
    41.3%
    4 Bedrooms
    22.3%
    5+ Bedrooms
    7.3%

    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.

    TypeMedian RentAverage 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 May '26, Realtor.com reports that the median days on market for a home in Altoona, IA is 64. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$372,0001.0%
    Listing Count
    		1904.0%
    Listings as % of Homes1.4%4.0%
    Days on Market
    		6410.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		22,00012.4%
    % Under 18
    		25.5%-9.6%
    % Seniors
    		15.4%27.3%
    % WFH
    		13.1%244.7%
    % w/ College Degree
    		33.2%6.8%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    Affordability — Altoona, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$321,000
    Median Household Income$90,400

    Altoona, IA — ZIP Code Boundary Map

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    Frequently Asked Questions