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Nittany

Learn about the people, housing, costs and businesses in Nittany, Pennsylvania

Median Home$291,000
Median Rent$1,025/month
Population634
Leading IndustriesEducation · Transportation · Public Administration8% education
Home Value Growth+10.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners89% of occupied units
Nittany
PA

Frequently Asked Questions

What are today's mortgage rates in Nittany?

As of today, the 30-year fixed mortgage rate for Nittany is approximately 6.988% (7.027% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Nittany?

The median home value in Nittany is $291k. The median monthly rent is $1,025. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nittany?

Home values in Nittany have increased 10.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Nittany?

Based on a typical all-in ownership cost of $1,094/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nittany is $85k/year.

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What industries drive the economy in Nittany?

The largest employment sectors in Nittany are public administration (29%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.