State College, PA housing market
The typical State College home is worth about $413,000, up 2.1% in a year, 42% above the Pennsylvania typical home. Homes typically sell in 6 days, a little above asking.
Home values, sales, trends and how State College compares with the towns next door — updated as new data is published.
State College at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | State College | Pennsylvania |
|---|---|---|
| 2017 | $260,000 | $173,000 |
| 2018 | $273,000 | $181,000 |
| 2019 | $295,000 | $188,000 |
| 2020 | $313,000 | $198,000 |
| 2021 | $331,000 | $219,000 |
| 2022 | $353,000 | $240,000 |
| 2023 | $375,000 | $257,000 |
| 2024 | $390,000 | $268,000 |
| 2025 | $402,000 | $280,000 |
| 2026 | $406,000 | $287,000 |
| August 2026 | $413,000 | $290,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in State College in 2025, all single-family houses, worth about $1.7 million to build. That's 0.1 per 1,000 residents, slower than across Pennsylvania (2). Over the past 10 years, State College has permitted 307 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, State College's population fell by 1,533 even though 207 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Pennsylvania: 1.4 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 180 | 2 | 178 | $48.4 million |
| 2025 | 4 | 4 | 0 | $1.7 million |
| 2024 | 1 | 1 | 0 | $775,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 294 | 1 | 293 | $114 million |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 2 | 2 | 0 | $1.4 million |
| 2019 | 1 | 1 | 0 | $273,000 |
| 2018 | 1 | 1 | 0 | $349,000 |
| 2017 | 2 | 2 | 0 | $524,000 |
| 2016 | 2 | 2 | 0 | $524,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 6 | 6 | 0 | $1.2 million |
| 2013 | 17 | 5 | 12 | $2.8 million |
| 2012 | 120 | 9 | 111 | $19 million |
| 2011 | 0 | 0 | 0 | $20,000 |
| 2010 | 58 | 1 | 57 | $11 million |
| 2009 | 4 | 4 | 0 | $1.1 million |
| 2008 | 14 | 2 | 12 | $2.1 million |
| 2007 | 78 | 4 | 74 | $12.8 million |
| 2006 | 3 | 3 | 0 | $656,000 |
| 2005 | 17 | 7 | 10 | $3.1 million |
| 2004 | 6 | 4 | 2 | $925,000 |
| 2003 | 22 | 12 | 10 | $2.4 million |
| 2002 | 93 | 42 | 51 | $8.5 million |
| 2001 | 5 | 5 | 0 | $1.1 million |
| 2000 | 10 | 8 | 2 | $1.1 million |
How State College ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
State College and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| State College | $413K | +2.1% | $1,530 | 4 | $45,424 |
| College | — | +1.1%† | $1,510 | 17 | $101,323 |
| Ferguson | — | — | $1,560 | 7 | $85,935 |
† FHFA price index change, where Zillow has no home value for the town.
9.1 years of income
The typical State College home costs about 9.1 years of the town's median household income, more than across Pennsylvania (3.7 years).
How State College ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,530
HUD's Fair Market Rent for a two-bedroom in State College is $1,530 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in State College pay a median of $1,273, so moving in tends to cost more than staying put. A two-bedroom takes about 40% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,280 · 4 bedrooms $2,020
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (16801, 16802, 16803; State College, PA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in State College
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.