Side-by-side comparison of Cranberry Twp, PA and Altoona, PA — cap rates, rent, prices, and investment metrics.
Cash flow: Cranberry Twp has the edge with an estimated cap rate of 5.46% compared to Altoona's 4.19%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $220,000 in Cranberry Twp vs $170,000 in Altoona, while rents come in at $1,450/mo and $960/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Cranberry Twp is growing faster at 1.5% annually vs Altoona's 0.2%. Cranberry Twp leads on home value appreciation at 2.8% per year.
Costs & risk: Property taxes are 1.32% in Cranberry Twp vs 1.38% in Altoona. Vacancy rates of 4.2% and 6% are mixed — Cranberry Twp has the tighter rental market.
Entry point: Altoona offers a lower entry at $170K vs Cranberry Twp's $220K — a difference of $50K. With a 20% down payment, that's $34K vs $44K. Cranberry Twp's higher price may be justified by stronger growth.
Bottom line: Cranberry Twp edges out Altoona on most key metrics. With a 5.46% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Cranberry Twp or Altoona.