Markets/Pennsylvania/State College

State College, PA Real Estate Market 2026

Investor-grade market analytics for State College, Pennsylvania. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$356,478

+2.5% year-over-year

Est. Rental Yield

6.1%

gross annual

12-Month Forecast

-5.9%

base case (Zillow ZHVF)

-5.9% year-over-year

Market Momentum

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Warm
1.5mo supply ยท Score +3/7

Migration: Top 94% nationally

Income Migration

๐Ÿ“‰ Wealth Drain0.90x

In-migrants avg $54,526 AGI vs out-migrants $60,804

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Opportunity Zone Market

3 ZIP codes in State College are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

State College Market Summary

State College, PA shows steady growth at 2.5% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 4.9x, above the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 6.09% is strong, making this market attractive for buy-and-hold investors.

Affordability

Affordability Score73/100
Price-to-Income Ratio4.9x (national avg 4.8x)
Median Household Income$72,748

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-8.8%
Base Case-5.9%
Bull Case-2.9%

Climate & Natural Hazard Risk

State College, PA's primary climate exposure is flooding (50/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full State College dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.