Downtown Altoona, Pennsylvania, exhibits a demographic profile characterized by low diversity and economic challenges. As of 2022, the neighborhood is categorized as "Low Diversity" with a White Majority comprising 85% of the population. The median income in 2022 is $18,507, indicating significant economic hardship in the area. Downtown Altoona has maintained its historical character as a working-class neighborhood, with many residents employed in local service industries and small businesses.

Over the past decade, Downtown Altoona has consistently remained in the "Low Diversity" category, with the White population dominating throughout. The White population has decreased from 89% in 2013 to 85% in 2022. The Black population has increased from 5% in 2013 to 8% in 2022. The Hispanic population has increased from 0% in 2013 to 4% in 2022. Other racial groups have maintained relatively stable, low percentages. These changes suggest a trend towards a "Transitional Community," albeit at a slow pace.

The economic situation in Downtown Altoona has shown improvement over the decade, though it remains challenging. Median income has increased from $13,653 in 2013 to $18,507 in 2022, a 35.6% increase. Despite this growth, the income levels remain very low compared to national averages. The population has remained relatively stable, fluctuating between 1,200 and 1,500 residents. The gradual increase in diversity correlates with the slow rise in median income, possibly indicating that new residents from diverse backgrounds are contributing to economic growth.