Rent to own Homes in Altoona, IA
Altoona, Iowa, located in the central part of the state, just east of Des Moines, is a small, friendly town of around 13,000 residents. Living in Altoona gives residents the best of small-town life, while still being just a few exits away from big-city health care, restaurants, shopping, jobs, cultural activities and sports in Des Moines. Altoona is best known for its diverse shopping and as the home of Adventureland, a family-owned amusement park in the old tradition, with more than 100 rides and attractions.
Altoona, IA is a great place for affordable rent-to-own homes! With a median household income of over $79,482 and a median rent of $1,027, the Altoona, IA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Altoona, IA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Altoona, IA Property Resources
Rent to own Homes in Cities Near Altoona, IA
- Adel
- Alleman
- Altoona
- Ames
- Ankeny
- Bevington
- Bondurant
- Boone
- Booneville
- Bouton
- Cambridge
- Carlisle
- Clive
- Cumming
- Dallas Center
- Des Moines
- De Soto
- Elkhart
- Granger
- Grimes
- Huxley
- Johnston
- Kelley
- Luther
- Madrid
- Martensdale
- Minburn
- Norwalk
- Patterson
- Perry
- Pleasant Hill
- Polk City
- Prole
- Saylorville
- Sheldahl
- Slater
- Spring Hill
- Urbandale
- Van Meter
- Waukee
- West Des Moines
- Windsor Heights
- Woodward
Neighborhoods in Altoona, IA
Altoona rent to own homesPopular Zip Codes in Altoona, IA
50009 rent to own homesBuying a Home in Altoona, IA
Altoona, IA is seeing rapid growth and Altoona, IA's' housing market remains optimal with an average home price that is -8% below the 2025 national average. Altoona, IA is part of Polk county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Polk is 1.6% which is above the national average, which is 0.99%.
Median Home Price in Altoona, IA
Median Rent in Altoona, IA
Top 4 Reasons to Live in Altoona, Iowa
Plenty to do! Spending a day at Adventureland isn't the only fun thing to do in Altoona. The city is also home to Prairie Meadows, a thoroughbred and quarter horse racetrack, whose complex includes a full casino, several restaurants and a hotel. In addition, the City of Altoona manages a collection of a dozen city parks and green spaces. Among the most popular of these are Lions Park and Sam Wise Park. There's even a dog park, a community center and a skate park.
Affordable places to rent! Property values in Altoona are much less than the national average. The median home value in the city is an attractive $167,000, compared to the national average of $223,600. This fact means that rents will generally be more affordable here than in other parts of the country. Some of the most desirable neighborhoods in Altoona are the NE 80th Street and NE 38th Avenue areas.
Plenty of shopping! Altoona was the first city in Iowa to get a Bass Pro Shops store and the retailer is still one of the most popular in town. In addition, the Shoppes at Prairie Crossing offers more than 100 independent and national retailers and restaurants. There's also an outlet mall under construction; it's due to be completed in 2015. Of course, additional shopping centers, such as Des Moines' Jordan Creek Town Center, are located just a few miles away.
Lots of rental homes available! New housing developments are adding dozens of new properties to Altoona's existing housing stock. The new additions aren't just single-family homes; there are new condos and new apartment buildings being added, too. These new housing plans include the Villas at Stonewater, which is located in the northern part of the city, near Ankeny. These new developments are good places to look for rent to own properties in Altoona.
