I believe the contest calls for 800 feet for the target altitude.
I also believe you are not supposed to use a stock kit "with the only modification being the addition of an altimeter compartment." This could raise some interesting disputes as to what degrees of kit-bashing are necessary (or allowable) to fulfill this requirement.
Here's the link with the complete rules:
-- Max 650 grams gross weight at launch
-- One stage only
-- "F" motor maximum -- total impulse limitation 80 n-sec
-- No pyrotechnic charges other than those contained in the motor
-- Altittude to be determined by use of approved altimeter (list included)
-- Section of rocket containing eggs and altimeter must be recovered by parachute only.
-- Other sections may use other recovery methods but must not fall freely
-- Payload: 2 eggs as discussed above. Must be recovered without damage.
-- Duration scoring: Target duration range is 43-47 seconds; point penalties to be deducted for deviations above or below this range
-- Altitude scoring: 800 feet (244 meters) as discussed above. Penalty points for deviation above and below the target
-- No external (i.e. R/C) electronic controls. Any onboard flight control systems must be self-contained, also may not use any kind of pyro charges as noted above.
There are a lot of additional rules regarding qualification flights, return of vehicle, etc etc, but those are the main ones that have to do with how the rocket should be designed.
https://rocketcontest.org/pdf/2012_rules.pdf