Moving to Altoona, Florida: The 2026 Data Guide

By Jon Brooks, Co-Founder, Momentum Realty · Updated September 27, 2026

As of 2026-09-27, the median home sold in Altoona, Florida over the last 12 months went for $170,000 (9 closings across 14 communities in Momentum’s MLS record), about $163 per square foot for a median 1,152-sq-ft home built around 1983. Homes currently listed have been on the market a median of 32 days, and with 3 active listings against that sales pace the city is carrying roughly 4.0 months of supply. Sellers have been getting about 95% of their original asking price. That median is 58% below the median across Momentum’s Florida and Georgia coverage.

$170,000

Median sale (12 mo)

$163

Price per sq ft

$1,220

Est. monthly cost to own

32 days

Days listed (median)

4.0

Months of supply

What your budget buys in Altoona

Three price points from 20 recent Altoona closings in our record, each showing what actually closed within 10% of that price:

The real monthly cost of owning in Altoona

Take the median $170,000 home with 20% down at today’s 7.03% 30-year rate: principal and interest run about $908/month. Lake County’s typical total millage is 16.65 mills, so after the $50,000 homestead exemption the property tax is roughly $1,998/year ($166/month) for a new owner — the seller’s capped bill on the listing will be lower and is not your number. Citizens Property Insurance’s average premium in Lake County is about $1,756/year; private-market quotes vary with roof age and wind mitigation. All in, budget on the order of $1,220/month to own the median Altoona home.

For the full worksheet — taxes by scenario, the homestead exemption, and how the Save Our Homes cap works after year one — see the Lake County property tax guide and our home insurance by county map.

Altoona by ZIP code

Sales and medians by ZIP over the same 12 months: 32702 (20 sales, median $157,500).

What’s for sale: property types, new construction, and age of homes

Of the last 12 months of sales, 50% were single-family homes. The housing stock skews older: 5% of homes sold were built in 2015 or later and 45% before 1980.

Getting around from Altoona

Measured from the center of Altoona’s recent sales: Ocala is about 33 miles; Downtown Orlando is about 35 miles; Daytona Beach is about 40 miles; Orlando International Airport (MCO) is about 44 miles. Distances are straight-line; drive times depend on the corridor and time of day.

Schools, taxes, and insurance: where to verify

School assignments change; check the Lake County school grades page for the district’s current grades, and confirm zoning for a specific address directly with the district. Property tax figures on this page use Lake County’s typical millage of 16.65; municipal and special-district millage varies inside the county. Insurance uses Citizens’ Lake County average of $1,756/year; a wind-mitigation inspection and roof age can move a private quote a long way in either direction.

Altoona: the case for and against

What works in Altoona’s favor

prices run 58% below the statewide median in our coverage
homes move quickly (median 32 days listed), so well-priced homes get competition
insurance is comparatively manageable here (Citizens average $1,756/year)
no state income tax, and Florida’s Save Our Homes cap limits assessment growth once you homestead

What to plan for

only about 4.0 months of supply, so choice is limited in the most popular price bands
property taxes reset to your purchase price, so never budget off the seller’s bill

Your Altoona relocation toolkit

Common questions about moving to Altoona

How much does a house cost in Altoona, FL?

The median sale over the last 12 months was $170,000 (9 closings), about $163 per square foot. Among recent closings in our record a quarter sold under $69,000 and a quarter over $407,500.

What does it cost per month to own a home in Altoona?

For the median $170,000 home with 20% down at 7.03%, roughly $1,220 per month including principal, interest, Lake County property tax after the homestead exemption, insurance.

What are property taxes like in Altoona?

Lake County's typical total millage is 16.65 mills. On the median home that is about $1,998 a year for a new owner after the $50,000 homestead exemption; the assessment resets at purchase, so the seller's bill is not a guide.

Is Altoona a buyer's or seller's market right now?

With about 4.0 months of supply and a median 32 days on market for current listings, conditions are roughly balanced.

Is there a lot of new construction in Altoona?

New construction is a small share of Altoona sales; most of the market is resale.

Does Florida have a state income tax?

No. Florida has no state income tax, including on retirement income, and the Save Our Homes cap limits how fast a homesteaded assessment can rise.

Sales figures are Momentum Realty’s MLS record of closings in Altoona communities over the trailing 12 months (community snapshots as of their last refresh; price-band examples from the most recent closings on file); tax and insurance figures are Lake County data. Estimates, not guarantees; verify before relying on them. General relocation guidance, not financial advice. Equal Housing Opportunity.