Boalsburg, PA—16827
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boalsburg, PA
As of Oct '25, the median home price in Boalsburg, PA is $422,000, with a year-over-year change of 4.5%. This indicates that home prices in Boalsburg, 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 | $422,000 | 4.5% |
| Single Family | $420,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $365,000 | 4.9% |
3 Bed | $377,000 | 3.9% |
4 Bed | $526,000 | 3.3% |
| 5 Bed | $782,000 | 2.2% |
% of Housing Stock
Rental Trends — Boalsburg, PA
As of July '25, Rentcast reports the average rent in Boalsburg, PA is $1,380, with a year-over-year rent change of -18.3%. Per bedroom, the median rent as of July '25 in Boalsburg, PA is 2-bedrooms: $1,040, 3-bedrooms: $1,920, 4-bedrooms: $1,500. The most common rental property sizes in Boalsburg, PA are 3-bedroom and 1-bedroom, accounting for 55.5% and 12.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $1,040 |
| 3 Bed Rent | $1,920 | $1,920 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Boalsburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Boalsburg, PA is 37. This is a increase of 12.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | 15.0% |
Listing Count | 19 | 64.0% |
| Listings as % of Homes | 0.3% | 64.0% |
Days on Market | 37 | 12.0% |
Demographics — Boalsburg, PA
As of the latest ACS Survey released in 2023, Boalsburg, PA has a population of 5,200, which has increased by 9.5% over the past 5 years. Boalsburg, PA is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 68.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,200 | 9.5% |
% Under 18 | 21.4% | 16.9% |
% Seniors | 20.3% | -3.8% |
% WFH | 16.0% | 72.0% |
% w/ College Degree | 68.5% | 4.4% |
As of the latest ACS Survey released in 2023, Boalsburg, PA is a predominantly white area, with 94.1% of the population identifying as white. The white population has grown by 9.4% in the last 5 years. The second most common race or ethnicity in Boalsburg, PA is black, making up 1.9% of the population. Foreign-born residents account for 3.9% of the population in Boalsburg, PA, and this percentage has decreased by 41.8% 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 | 94.1% | 9.4% |
% Black | 1.9% | -54.8% |
% Hispanic | 1.9% | -54.8% |
% Asian | 1.8% | 12.5% |
% Foreign Born | 3.9% | -41.8% |
Mortgage and Risk — Boalsburg, PA
According to HUD data as of 2023, there were 127 mortgage originations in Boalsburg, PA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Boalsburg, PA. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 127 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Boalsburg, PA
Boalsburg, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 14.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,300 |
| 2 Bedroom | $585 | $925 | $1,510 |
| 3 Bedroom | -$80 | $1,920 | $1,840 |
| 4 Bedroom | $500 | $1,500 | $2,000 |
Affordability — Boalsburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $422,000 |
| Median Household Income | $115,000 |