Safe Rate Local

Altoona

Learn about the people, housing, costs and businesses in Altoona

Median Home$162,970
Median Rent$920/month
Population121,277
Leading IndustriesInformation & Media · Finance & Insurance · Public Administration8% information & media
Home Value Growth+9.5% over 2 years
Retirees21% of residentsabove average nationally
Homeowners72% of occupied units
NotableTransit92/100 · excellent transit access
NotableAffordable Market$163k median home · lower cost than 92% of the country
Altoona

Frequently Asked Questions

What are today's mortgage rates in Altoona?

Mortgage rates for Altoona are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Altoona
What is the median home price in Altoona?

The median home value in Altoona is $163k. The median monthly rent is $920. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Altoona?

Home values in Altoona have increased 9.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Altoona?

Based on a typical all-in ownership cost of $886/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Altoona is $66k/year.

Calculate your buying power
What industries drive the economy in Altoona?

The largest employment sectors in Altoona are public administration (27%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.