There are currently 15,529 real estate properties in State College, PA, with a median automated valuation model (AVM) price of $386,059.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in State College, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in State College, PA, is $424,612.00, with the most expensive house in State College, PA, topping out at $6,000,000.00 and the cheapest home in State College, PA, clocking in at $32,295.00. In other words, there’s something for every potential homebuyer or savvy investor in State College, PA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in State College, PA, is on a rollercoaster ride. The average rent price in State College, PA, is $1,638.00. Indeed, when looking to rent in State College, PA, you can expect to pay as little as $670.00 or as much as $3,380.00, with the average rent median estimated to be $1,630.00. The good news is that finding an affordable and desirable property to rent in State College, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
State College is located in Centre, Pennsylvania, with an estimated municipal population of 42,160 residents. All of the best foreclosed homes for sale in State College are located in the following zip code areas on Foreclosure.com: 16802 16803 16801 16804 16805. The estimated population per square kilometer (.62 miles) in State College is 3,572.
So, about how much do homes cost in State College? The most recent median value of resident-owned homes in State College is 312,626. An estimated 25.4 percent of households in State College own their homes, with an average family size of 2.81. The median household income in State College is 34,005, with17.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in State College, the median commute time of resident workers (in minutes) is 15.4. And last, but certainly not least, are you looking for homes to rent in State College? If so, the average rent price paid by renters in State College is 1,054, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to State College, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in State College is 21.6, split between 53.5 percent male versus 46.5 female. The percentage of residents who report being married in State College is 16.4, with an average family size of 2.81.
The percentage of residents who report their race in State College is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near State College? Or maybe you are searching for 55+ active adult communities in and/or near State College?
The percentage of residents who report their age in State College is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in State College with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in State College.
How do you know that living in -- or moving to -- State College is right where you need to be? Perhaps you grew up in State College or already live nearby; therefore, the decision to buy a home in State College is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to State College for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in State College:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like State College.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in State College can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in State College, meanwhile, can field multiple offers from more qualified buyers.
Millions of people receive foreclosure alerts daily, don't miss out.