Centre Hall, PA—16828
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centre Hall, PA
As of Oct '25, the median home price in Centre Hall, PA is $331,000, with a year-over-year change of 4.1%. This indicates that home prices in Centre Hall, PA are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 4.1% |
| Single Family | $331,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 4.9% |
3 Bed | $312,000 | 4.7% |
4 Bed | $449,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centre Hall, PA
As of July '25, Rentcast reports the average rent in Centre Hall, PA is $2,100, with a year-over-year rent change of 23.5%. Per bedroom, the median rent as of July '25 in Centre Hall, PA is 3-bedrooms: $2,100. The most common rental property sizes in Centre Hall, PA are 3-bedroom and 2-bedroom, accounting for 38.3% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Centre Hall, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Centre Hall, PA is 63. This is a decrease of -28.0% from last year, suggesting that homes are sitting on the market shorter 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 | $455,000 | 11.0% |
Listing Count | 19 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 63 | -28.0% |
Demographics — Centre Hall, PA
As of the latest ACS Survey released in 2023, Centre Hall, PA has a population of 4,770, which has increased by 9.9% over the past 5 years. Centre Hall, PA is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,770 | 9.9% |
% Under 18 | 20.8% | -1.0% |
% Seniors | 27.0% | 16.9% |
% WFH | 11.2% | -2.6% |
% w/ College Degree | 28.5% | -20.4% |
As of the latest ACS Survey released in 2023, Centre Hall, PA is a predominantly white area, with 94.1% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Centre Hall, PA is asian, making up 1.0% of the population. Foreign-born residents account for 0.9% of the population in Centre Hall, PA, and this percentage has decreased by 50.0% 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% | -4.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.6% | 100.0% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 0.9% | -50.0% |
Mortgage and Risk — Centre Hall, PA
According to HUD data as of 2023, there were 69 mortgage originations in Centre Hall, PA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Centre Hall, PA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Centre Hall, PA
Centre Hall, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | -$590 | $2,100 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Centre Hall, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $331,000 |
| Median Household Income | $73,800 |