Commercial Real Estate Market in Altoona, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
56 active listings and 437 off-market properties in Altoona, IA. Commercial property asks $52/SF to buy and $21.33/SF/Yr to lease.
Market Trends
Altoona, IA spans 27.9 square miles in Polk County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Altoona, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Altoona, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Altoona, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Altoona, IA asks $142/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 27.1%
- Planned_development 24%
- Residential 19.6%
- Commercial 15.8%
- Agricultural 13.4%
Largest Zones share of zoned land by district
Limited Industrial
Planned Unit Development
Agricultural
One And Two Family Residential
Single Family Residential
Market overview
Demographics & Economy
Altoona, IA has 21,230 residents in 8,829 households. Density runs 761 people per square mile. Median household income here is $90,393 and median gross rent $1,201 a month.
21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ivy | — | — |
| Berwick | — | — |
| Norwoodville | — | — |
| Pleasant Hill | — | — |
Commercial property in Altoona, IA asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Altoona?
Commercial property in Altoona, IA asks an average of $52 per square foot. The 5 most recent recorded sales traded at a median of $116/SF. Multifamily carries the highest asking price at $142/SF.
How much does it cost to lease commercial space in Altoona?
Asking lease rates in Altoona, IA average $21.33 per square foot per year.
Where does Realmo's Altoona market data come from?
Realmo compiles Altoona, IA figures from 7 recent recorded sales, 42 active sale listings, 14 active lease listings, 437 tracked off-market properties, the current Altoona zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 14 active for-lease listings in Altoona, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 8,427 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
