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State College

Learn about the people, housing, costs and businesses in State College

Median Home$344,531
Median Rent$1,144/month
Population158,576
Leading IndustryPublic Administration40% of local workforce
Home Value Growth⬆⬆+15.0% over 2 years
Young Adults42% of residentstop 2% nationally
Homeowners62% of occupied units
NotableHighly Educated25% bachelor's · 14% graduate · top 15% nationally
State College

Frequently Asked Questions

What are today's mortgage rates in State College?

Mortgage rates for State College are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for State College
What is the median home price in State College?

The median home value in State College is $345k. The median monthly rent is $1,144. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in State College?

Home values in State College have increased 15.0% 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 State College?

Based on a typical all-in ownership cost of $1,272/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in State College is $80k/year.

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What industries drive the economy in State College?

The largest employment sectors in State College are public administration (40%) and healthcare (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.