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These days, finding an affordable place to live in the Altoona area can be challenging. Home prices in Altoona are now at a median cost of $293,833, higher than the Iowa average of $226,062.
The average cost of rent is $1,229/mo in Altoona, primarily driven by the current value of real estate in the Altoona area. In Altoona, 29.06% of households rent, and 28.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Altoona is $7,631 per month. Households that rent pay about 16.11% of their income on rent here. Altoona’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ivy, IA: higher priced homes
- Berwick, IA: less expensive homes
- Pleasant Hill, IA: equally priced homes
- Bondurant, IA: higher priced homes
- Mitchellville, IA: less expensive homes
- Santiago, IA: higher priced homes
- Runnells, IA: higher priced homes
- Des Moines, IA: equally priced homes
- Ankeny, IA: higher priced homes
- Valeria, IA: equally priced homes
Cities with Similar Populations
- Niles, OH: less expensive homes
- Fayetteville, TN: less expensive homes
- Twinsburg, OH: higher priced homes
- Enumclaw, WA: higher priced homes
- Mukilteo, WA: higher priced homes
- South Milwaukee, WI: less expensive homes
- East Hemet, CA: higher priced homes
- East Greenwich, RI: higher priced homes
- Dixon, CA: higher priced homes
- Newtown Square, PA: higher priced homes
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