ALTOONA HOUSING MARKET INFORMATION With 42,788 people, 18,498 houses or apartments, and a median cost of homes of $137,609, house prices in Altoona are some of the most affordable in Pennsylvania as well as the nation. Single-family detached homes are the single most common housing type in Altoona, accounting for 71.37% of the city's housing units. Other types of housing that are prevalent in Altoona include duplexes, homes converted to apartments or other small apartment buildings ( 12.71%), large apartment complexes or high rise apartments ( 11.11%), and a few row houses and other attached homes ( 4.20%). The most prevalent building size and type in Altoona are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.54% owning and 37.46% renting. The housing in Altoona was primarily built before 1939 ( 44.69%), making the housing stock in Altoona some of the oldest overall in America, although there is a range of ages of homes in Altoona. The next most important housing age is between 1940-1969 ( 38.15%), followed by between 1970-1999 ( 14.85%). There's also some housing in Altoona built between 2000 and later ( 2.31%). Vacant housing appears to be an issue in Altoona. Fully 11.84% of the housing stock is classified as vacant. Left unchecked, vacant Altoona homes and apartments can be a drag on the real estate market, holding Altoona real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. ALTOONA HOME APPRECIATION RATES Some of the lowest real estate appreciation rates in America over the last ten years have been in Altoona, where house values have increased just 53.87%, which is annualized rate of 4.40%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America. Over the last year, Altoona appreciation rates have trailed the rest of the nation. In the last twelve months, Altoona's appreciation rate has been 5.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Altoona were at 3.38%, which equates to an annual appreciation rate of 14.20%. Importantly, 蘑菇视频鈥檚 exclusive research found that Altoona's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city鈥檚 near-future real estate investment strength. Relative to Pennsylvania, our data show that Altoona's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Altoona differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Altoona - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Altoona real estate investment or home purchase decisions.