Investment metrics, interactive calculators, and data-driven analysis for Altoona rental properties.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
Pre-filled with Altoona medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Altoona.
Altoona, PA has a population of 50,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $170,000 paired with median rents of $960/mo produces an estimated cap rate of 4.19%.
Property taxes at 1.38% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 3.6x, homes cost about 3.6 times the local median income of $47,800. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.3% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Altoona presents moderate opportunities. Cap rates near 4.19% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.