Altoona, PA

Population: 46,404
Average annual home appreciation rate: 0.31%
Total of homes for sale in this market:
Median home price: $82,480
Median Rent: $445 per room
Home price range: 48.33% of homes are between $50,001 – $100,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 71.67% of homes are Single Family Detached
Number of vacant homes: 10.14%
Number of renters: 33.21%
Number of owner occupied: 66.79%
Number people living below poverty level: 18.33%
Unemployment rate: 6.80%
Is this area perfect for real estate deals going on right now? Altoona definitely has a positive track record for the past ten years. With the cost of homes being as low as they are, the higher rent, and the positive appreciation rate where it is, there could be some great opportunities for savvy investors. Statistically speaking, 1 of every 10 houses in the Altoona market is a “zombie” (or vacant) property…usually owned by motivated sellers willing to negotiate prices to get out from under the property as it is. There could be some great opportunities in this market.

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