What is the Best Neighborhoods USA ranking for Altoona?
Altoona is ranked #14 of 20 eligible neighborhoods in Fredericksburg; #316 of 518 eligible neighborhoods in VA; and #7,616 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Altoona
Fredericksburg, VA | Fredericksburg City
Scored premium profile
Best Neighborhoods USA Index
50.0
Stability and Strength
45.0
Value Opportunity
49.5
Momentum
58.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Fredericksburg, VA |
| County | Fredericksburg City |
| National rank | #7,616 of 14,967 |
| State rank | #316 of 518 |
| City rank | #14 of 20 |
| County rank | #14 of 20 |
| National percentile | 49.1 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $479,478 |
| Year-over-year home value change | 0.8% |
| Month-over-month home value change | 0.31% |
| Home value to income ratio | 5.62 |
| Median household income | $85,277 |
| Bachelor's degree or higher | 47.2% |
| Civilian unemployment rate | 13.6% |
| Homeownership rate | 48.6% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 66.4% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Altoona
Is Altoona one of the best neighborhoods in Fredericksburg?
Altoona has a Best Neighborhoods USA Index of 50.0 and a city ranking of #14 of 20 eligible neighborhoods in Fredericksburg.
How much are homes worth in Altoona?
The current Zillow Home Value Index for Altoona is approximately $479,478.
Are home values rising or falling in Altoona?
Zillow neighborhood values changed 0.8% year over year and 0.31% month over month.
What is the Neighborhood Momentum Score for Altoona?
Altoona has a Neighborhood Momentum Score of 58.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Altoona?
The NDS-derived neighborhood median household income is approximately $85,277.
How affordable is Altoona relative to household income?
The current Zillow home-value-to-household-income ratio is 5.62. Price-to-income affordability is a major Value Opportunity input.
Is Altoona primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 48.6%.
What is the unemployment rate in Altoona?
The NDS-derived civilian unemployment rate is approximately 13.6%.
How educated are residents of Altoona?
Approximately 47.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Altoona face high rent burden?
Approximately 66.4% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Altoona?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications4
Estimated originations2
Home-purchase applications2
Origination rate54.2%
Home-purchase share40.8%
Average application loan$274,385
Total application loan amount$1,227,331
National application rank#13,903 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 36.8% YoY; originations 18.5% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.