How much is a home worth in ZIP code 16602?

The typical home in 16602 is worth $138,674, based on the Zillow Home Value Index.

Are home values rising in 16602?

Home values in 16602 are up 4.7% over the past year, and up 3.3% a year over five years.

What is the typical rent in 16602?

A typical home in 16602 rents for about $1,119 a month, a gross rental yield of 9.7%.

What is the property tax rate in 16602?

The effective property tax rate in 16602 is 1.1% — roughly $1,541 a year on a typical home.

ZIP code 16602 has a population of 26,352 and a median household income of $55,046.

HousingHandbookReference data

…

U.S. ZIP Code · PA16602

Blair County · Altoona, PA

Typical home value

$138,674^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.7%
5-year / yr: +3.3%
10-year / yr: +4.2%

Relative price

vs U.S.: -51.2%
vs metro: -26.9%
vs state: -40.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 16602 is worth $138,674 — 26.9% below the Altoona, PA median. Over the past year, values have risen 4.7%. Homes here rent for a typical $1,119 a month — a 9.7% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,119^[2]
Gross yield: 9.7%^[2]
Cap rate: 5.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $1,541^[3]

#Climate risk

FEMA National Risk Index ratings for Blair County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Relatively Low
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 26,352^[3]
Median household income: $55,046^[3]

#Migration

Household moves in and out of Blair County over a year, from IRS tax-return data.

Net migration: -59^[5]
Moved in: 1,761
Moved out: 1,820

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 4
Middle: 1
High: 3

Altoona Area HS
High · Grades 6–12 · Altoona Area SD
2,246 students
Altoona Area Jr HS
Middle · Grades 6–8 · Altoona Area SD
1,614 students
Pleasant Valley El Sch
Elementary · Grades K–5 · Altoona Area SD
466 students
Logan El Sch
Elementary · Grades K–5 · Altoona Area SD
438 students
Penn-Lincoln El Sch
Elementary · Grades K–5 · Altoona Area SD
353 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield9.7%

Net yield (after ~40% expenses)5.8%

Annual rent$13,427

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$701

Loan principal$110,939

Down payment$27,735

Total interest paid$141,497

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.84

Monthly cost to own$945

Monthly rent$1,119

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 50th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 60th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 16602?: The typical home in 16602 is worth $138,674, based on the Zillow Home Value Index.
Are home values rising in 16602?: Home values in 16602 are up 4.7% over the past year, and up 3.3% a year over five years.
What is the typical rent in 16602?: A typical home in 16602 rents for about $1,119 a month, a gross rental yield of 9.7%.
What is the property tax rate in 16602?: The effective property tax rate in 16602 is 1.1% — roughly $1,541 a year on a typical home.
Who lives in 16602?: ZIP code 16602 has a population of 26,352 and a median household income of $55,046.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

16601 vs 16602 →
Altoona, PA
Typical home
$147,628
Gross yield
—
16625 vs 16602 →
Claysburg CDP, PA
Typical home
$150,277
Gross yield
—
16617
Bellwood, PA
Typical home
$170,063
Gross yield
—
16637
East Freedom CDP, PA
Typical home
$179,968
Gross yield
—
16693
Yellow Springs CDP, PA
Typical home
$189,606
Gross yield
—
16686
Tyrone, PA
Typical home
$190,805
Gross yield
—

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#Jump to section

U.S. ZIP Code · PA16602

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