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Altoona city, IA

ZIP 50009 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 50009

Median Home Value
$261,800
Median Rent
$1,118
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,682/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 50009 in Altoona city, IA, a household would need roughly $72,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,682. That sits below the local median household income ($90,393), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
70.3%+8% vs US avg
x
Vacancy Rate
4.2%-59% vs US avg
x
Broadband Access
94.2%+8% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
4.3%-38% vs US avg
x
Rent Burden >30%
20.7%-58% vs US avg
x
Mortgage-Free
28.9%-24% vs US avg
x
$261,800
Home Value
$1,118
Rent
1997
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.7%
  • 1-unit attached10.1%
  • 2-9 units5.2%
  • 10+ units18.3%
  • Mobile home & other3.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$261,800
Median rent$1,118
Owner-occupied70.3%
Vacant4.2%
Price-to-income2.9x
Est. income to buy$72,000