Real Estate Investing in Centre County, Pennsylvania

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

27 ZIP codes • Population: 148,401

Should you buy in Centre County, PA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (59/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.3% vacancy may signal weakening demand.

What’s happening in Centre County, PA?

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3.0/ 5

Investability

County-wide average

2.0/ 5

Appreciation

3.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $290,967
Avg Monthly Rent $1,270
ZIP Codes 27

Investing in Centre County Real Estate

Centre County (PA) covers 27 ZIPs and 26 municipalities. clearly the fundamentals here skew distressed, and both rent and price trends have been muted across most of the geography.

The investment case for Centre County is difficult to make on screen data alone. a stretch for a 3.0 rating and cap rates that appear attractive only until real vacancy is underwritten.

Distressed-leaning demographics in Centre β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜†β˜† rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Centre County, PA. Anonymous, moderated, never written by AI.

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Property managers serving Centre County

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Nittany Property Management. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$290,967
Avg Monthly Rent
$1,270
1% Rule
βœ— Below
Landlord Friendly (PA)
β˜…β˜…β˜…β˜…β˜†

πŸ“‰ Market Crash Risk Index

Based on State College, PA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
40%
Days Pending
0/2
34 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Centre County

1 College 242 Students
C
South Hills School of Business & Technology
2-Year For-Profit Β· 242 students

Cities in Centre County

ZIP Codes in Centre County, PA

16801 β˜… β˜… β˜… β˜… β˜…
State College
Population 42,153
Avg Home $420,679
Avg Rent $1,838/mo
16823 β˜… β˜… β˜… β˜… β˜…
Bellefonte
Population 29,168
Avg Home $315,541
Avg Rent $1,513/mo
16803 β˜… β˜… β˜… β˜… β˜…
State College
Population 23,660
Avg Home $426,025
Avg Rent $1,816/mo
16866 β˜… β˜… β˜… β˜… β˜…
Philipsburg
Population 8,924
Avg Home $167,324
Avg Rent $900/mo
16870 β˜… β˜… β˜… β˜… β˜…
Port Matilda
Population 7,386
Avg Home $446,063
Avg Rent $1,161/mo
16841 β˜… β˜… β˜… β˜… β˜…
Howard
Population 6,346
Avg Home $284,166
Avg Rent $1,161/mo
16827 β˜… β˜… β˜… β˜… β˜…
Boalsburg
Population 5,197
Avg Home $438,121
Avg Rent $1,948/mo
16828 β˜… β˜… β˜… β˜… β˜…
Centre Hall
Population 4,774
Avg Home $343,603
Avg Rent $1,161/mo
16875 β˜… β˜… β˜… β˜… β˜…
Spring Mills
Population 3,692
Avg Home $360,379
Avg Rent $1,161/mo
16844 β˜… β˜… β˜… β˜… β˜…
Julian
Population 2,521
Avg Home $297,308
Avg Rent $1,161/mo
16820 β˜… β˜… β˜… β˜… β˜…
Aaronsburg
Population 1,657
Avg Home $269,707
Avg Rent $1,161/mo
16865 β˜… β˜… β˜… β˜… β˜…
Pennsylvania Furnace
Population 1,657
Avg Home $357,800
Avg Rent $1,503/mo
16877 β˜… β˜… β˜… β˜… β˜…
Warriors Mark
Population 1,505
Avg Home $322,845
Avg Rent $1,161/mo
16872 β˜… β˜… β˜… β˜… β˜…
Rebersburg
Population 1,446
Avg Home $277,527
Avg Rent $1,161/mo
16874 β˜… β˜… β˜… β˜… β˜…
Snow Shoe
Population 1,209
Avg Home $211,150
Avg Rent $1,161/mo
16868 β˜… β˜… β˜… β˜… β˜…
Pine Grove Mills
Population 1,174
Avg Home $319,603
Avg Rent $1,386/mo
16851 β˜… β˜… β˜… β˜… β˜…
Lemont
Population 993
Avg Home $388,336
Avg Rent $1,332/mo
16845 β˜… β˜… β˜… β˜… β˜…
Karthaus
Population 955
Avg Home $130,994
Avg Rent $1,161/mo
16854 β˜… β˜… β˜… β˜… β˜…
Millheim
Population 781
Avg Home $239,855
Avg Rent $1,161/mo
16829 β˜… β˜… β˜… β˜… β˜…
Clarence
Population 719
Avg Home $206,901
Avg Rent $1,161/mo
16859 β˜… β˜… β˜… β˜… β˜…
Moshannon
Population 498
Avg Home $221,239
Avg Rent $1,161/mo
16882 β˜… β˜… β˜… β˜… β˜…
Woodward
Population 460
Avg Home $295,215
Avg Rent $1,161/mo
16826 β˜… β˜… β˜… β˜… β˜…
Blanchard
Population 457
Avg Home $213,205
Avg Rent $1,161/mo
16853 β˜… β˜… β˜… β˜… β˜…
Milesburg
Population 316
Avg Home $223,244
Avg Rent $1,161/mo
16677 β˜… β˜… β˜… β˜… β˜…
Sandy Ridge
Population 294
Avg Home $167,857
Avg Rent $1,161/mo
16832 β˜… β˜… β˜… β˜… β˜…
Coburn
Population 279
Avg Home $249,937
Avg Rent $1,161/mo
16852 β˜… β˜… β˜… β˜… β˜…
Madisonburg
Population 180
Avg Home $261,495
Avg Rent $1,161/mo

Screen every market in Centre County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Centre County

How expensive is real estate in, PA?

In, PA the median home value sits at $291K. Against the broader PA market, that reads as reasonable for most investors.

How strong is, PA for real estate investors?

Our data puts, PA at 3.0/5 for investability. Home prices of $291K and rents around $1,270/mo create a solid backdrop for investor activity.

What is the renter demographic in, PA?

Tenant demand in, PA is solid. The local workforce $1,270/mo rents across most rental classes.

How landlord-friendly is, PA?

PA ranks as a tenant-protective state for landlord-tenant law. generally follows the statewide framework, so landlords face reasonable operating rules.

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