The housing market in State College, PA Metro Area is flourishing. The median value of a house in this area is $293,600, which is lower than the US median value of $338,100. However, the one year appreciation rate for houses in State College is considerably higher than the US average at 12.61%, compared to 8.27%. This indicates that home values are increasing faster in State College than they are nationally, making it an attractive place for real estate investments. With strong appreciation rates and a median house price below the national average, State College offers buyers an opportunity to get more value out of their purchase.
The median home cost in State College Metro Area is $293,600. Home appreciation the last 10 years has been 54.0%. Home Appreciation in State College Metro Area is up 6.4%.
Average Age of Homes
- The median age of State College Metro Area real estate is 40 years old
The Rental Market in State College Metro Area
- Renters make up 35.4% of the State College Metro Area population
- 2.2% of houses and apartments in State College Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.