Compare Altoona, PA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Altoona.
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May 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Altoona. Understand how much you need to earn to afford a home in Altoona, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Altoona fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Altoona is right for you.
The median home value for Altoona, PA (Blair County) is $152,304
Based on current mortgage rates and a 10% down payment, you need to make $24,954 per year to buy the median priced home in Altoona
With this income, you could qualify for a $137,074 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Altoona is $578
The median household income for Altoona, PA (Blair County) is $55,129
Based on this income, you can afford a home valued at approximately $336,467
The home price you can afford to buy based on household income in Altoona is 221% of the median home value which means housing prices are affordable. Altoona (Blair County) ranks 24 out of 67 counties in Pennsylvania and 1,313 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Altoona, PA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Altoona (Blair County) below.
Conforming loan limits for Altoona, PA
FHA loan limits for Altoona, PA
VA loan limits for Altoona, PA