State College, PA—16801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — State College, PA
As of Oct '25, the median home price in State College, PA is $401,000, with a year-over-year change of 2.5%. This indicates that home prices in State College, PA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $401,000 | 2.5% |
| Single Family | $406,000 | 2.0% |
| Condos | $332,000 | 1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $213,000 | -0.5% |
2 Bed | $296,000 | 2.4% |
3 Bed | $383,000 | 2.7% |
4 Bed | $508,000 | 1.8% |
| 5 Bed | $604,000 | -0.2% |
% of Housing Stock
Rental Trends — State College, PA
As of July '25, Rentcast reports the average rent in State College, PA is $1,780, with a year-over-year rent change of 16.3%. Per bedroom, the median rent as of July '25 in State College, PA is studios: $992, 1-bedrooms: $1,110, 2-bedrooms: $1,790, 3-bedrooms: $2,000, 4-bedrooms: $2,950. The most common rental property sizes in State College, PA are 2-bedroom and 1-bedroom, accounting for 33.6% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,780 |
| Studio Rent | $900 | $992 |
| 1 Bed Rent | $1,150 | $1,110 |
| 2 Bed Rent | $1,850 | $1,790 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | $3,500 | $2,950 |
% of Rental Stock
Property Listings — State College, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in State College, PA is 54. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $777,000 | 30.0% |
Listing Count | 93 | 20.0% |
| Listings as % of Homes | 0.2% | 20.0% |
Days on Market | 54 | 27.0% |
Demographics — State College, PA
As of the latest ACS Survey released in 2023, State College, PA has a population of 42,200, which has decreased by -5.6% over the past 5 years. State College, PA is a less popular place for families, as children make up 11.7% of the population. The area has a highly educated workforce, with 66.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,200 | -5.6% |
% Under 18 | 11.7% | -0.8% |
% Seniors | 13.9% | 28.7% |
% WFH | 14.4% | 206.4% |
% w/ College Degree | 66.6% | 0.0% |
As of the latest ACS Survey released in 2023, State College, PA is a predominantly white area, with 80.4% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in State College, PA is asian, making up 8.7% of the population. Foreign-born residents account for 12.0% of the population in State College, PA, and this percentage has decreased by 18.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | 0.0% |
% Black | 2.6% | -36.6% |
% Hispanic | 4.0% | 5.3% |
% Asian | 8.7% | -12.1% |
% Foreign Born | 12.0% | -18.4% |
Mortgage and Risk — State College, PA
According to HUD data as of 2023, there were 391 mortgage originations in State College, PA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in State College, PA. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 391 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — State College, PA
As of 2024, the percent of homes in State College, PA under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in State College, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 414 |
Total Units Section 8 | 414 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,150 | $1,340 |
| 2 Bedroom | -$290 | $1,850 | $1,560 |
| 3 Bedroom | -$100 | $2,000 | $1,900 |
| 4 Bedroom | -$1,430 | $3,500 | $2,070 |
Affordability — State College, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $401,000 |
| Median Household Income | $62,800 |