Quick facts: Altoona, IA

Quick Facts

96.6
Cost of Living
below US average
21,503
Population
14.42
Crime Rate per 1000
below US average
$89,100
Median Income
above US average
$354,990
Median House Price
above US average
$1915.21
Average Rent
above US average
9%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $89,100.

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Income Needed to Buy

βœ— Stretch
$111k/year
Based on $354,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $111k vs median $89,100
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1915.21/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($89,100) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Altoona, IA

Altoona, Iowa, is a vibrant city located just east of Des Moines, in Polk County. With a population of around 18,000 residents, it's part of the greater Des Moines metropolitan area, offering a suburban feel while maintaining its unique charm. Altoona is known for its family-friendly atmosphere, strong community spirit, and ample recreational opportunities. One of the city's standout features is Adventureland Park, a popular amusement park that attracts visitors from across the region with its thrilling rides and entertainment options. Altoona also boasts several parks and outdoor spaces, such as the scenic Altoona Sports Complex and the picturesque riverfront along the Des Moines River, perfect for walking, cycling, and family gatherings. Additionally, the city has seen significant growth in retail and dining, particularly along the bustling Elkhart Boulevard, featuring a variety of shops and restaurants. The Altoona Community School District serves the educational needs of the area, ensuring access to quality education for families. With its strategic location, strong local economy, and community-focused initiatives, Altoona continues to thrive as a desirable place to live and visit in Iowa.

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