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Altoona

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

Median Home$99,736
Median Rent$600/month
Population906
Leading IndustriesRetail · Manufacturing · Transportation19% retail
Home Value Growth⬆⬆+16.8% over 2 years
Young Adults24% of residents
Homeowners81% of occupied units
NotableAffordable Market$100k median home · lower cost than 92% of the country
Altoona
AL

Frequently Asked Questions

What are today's mortgage rates in Altoona?

As of today, the 30-year fixed mortgage rate for Altoona is approximately 6.944% (6.982% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Altoona?

The median home value in Altoona is $100k. The median monthly rent is $600. Annual property taxes average $291. 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 16.8% over the past two years. This indicates a strong appreciation trend. 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 $601/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Altoona is $43k/year.

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What industries drive the economy in Altoona?

The largest employment sectors in Altoona are public administration (23%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.