Is Altoona, AL a good place to invest in rental property?

Altoona, AL has a median modeled monthly cash flow of $-292 and a median cap rate of 4.5%, on a median sold price of $186,000. Prices changed +8.3% year over year.

What is the average cap rate in Altoona, AL?

The median cap rate across recently sold homes in Altoona, AL is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Altoona, AL?

The median sold price in Altoona, AL is $186,000 (about $124 per square foot).

Investing in Altoona, AL Real Estate

A data-driven snapshot of the Altoona, AL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$186,000Median sold price

$124Median $/sqft

4.5%Median cap rate

$-292Modeled cash flow / mo

+8.3%Appreciation YoY

10.5Months of supply

35Active listings

40Sold (last 12 mo)

What the Altoona numbers say

In Altoona, AL, the median home sold for $186,000 (about $124 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-292 of monthly cash flow. Sold prices moved +8.3% over the past year. Inventory sits at about 10.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Alabama markets to compare

See Altoona cash-flowing listings

CashFlowRE ranks every for-sale home in Altoona, AL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Altoona deals, or browse the national market data.