Home Values

State College Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$210,100

  • 7.4% 1-year change
  • 4.0% 1-year forecast

The median home value in State College Metro is $210,100. State College Metro home values have gone up 7.4% over the past year and Zillow predicts they will rise 4.0% within the next year. The median rent price in State College Metro is $1,150, which is lower than the Pennsylvania median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In State College Metro 0.2 homes are foreclosed (per 10,000). This is lower than the Pennsylvania value of 4.9 and also lower than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in State College Metro is 1.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of State College Metro homeowners underwater on their mortgage is 8.9%, which is lower than Pennsylvania at 15.0%.

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Relative ZHVI
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State College Metro Market Overview

Data through Jun 30, 2015
  • $210,100 ZHVI
  • 4.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $232,645 Median sale price
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State College Metro Market Health

Data through Jun 30, 2015
  • 9.9/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 8.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 1.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

0(Oct 31, 2014) State College Metro
5 Pennsylvania
4 United States
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Cities in State College Metro

Name Median ZHVI
Ferguson Township $259,700
College Township $252,500
State College $245,200
Name Median ZHVI
Patton Township $238,100
Park Forest Village $235,000
Benner Township $180,200
Name Median ZHVI
Spring Township $170,200
Bellefonte $157,800
Rush Township $115,800

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $141 Median sale price / sq ft
  • No data Listings with price cut
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State College Metro Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,517 State College Metro
    $1,220 Pennsylvania
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,150 Rent list price
  • $1.10 Rent list price / sq ft
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