Real Estate Investing in Centre Hall, Pennsylvania (16828)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16828 (Centre Hall, PA)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centre Hall, PA (16828)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 16828 Centre Hall
On the rental side, ZIP 16828 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $344K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $344K asset, 16828 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Centre Hall have seen price recovery that 16828 has not matched. Centre County data supports the view that the spread is structural rather than temporary.
The demographic picture in 16828 includes headwinds that any investor should price in. Income distribution skews lower than Centre Hall averages, and tenant stability requires active management.
Strategy in 16828 is an operator game, not a passive one. On balance, entry prices of $344K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Centre Hall:
Property Strategy for 16828
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $275,918 | $1,290 | 3.4% | +5.8% | $137,959 |
| 3BR | $311,816 | $1,570 | 3.6% | +5.2% | $103,939 |
| 4BR | $449,450 | $1,710 | 2.7% | +5.2% | $112,362 |
Market Trends
Home Value History (with trend line)
📊 How Does 16828 Compare?
| Metric | 16828 | Centre Hall | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $343,603 | $343,603 | N/A | $278,018 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.3% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16828 (Centre Hall, PA). Anonymous, moderated, never written by AI.
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Property managers serving Centre County
Manage rentals here? List your business →Nittany Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $343,603 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 16828
Population: 4,774
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 16828
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 9,651 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Centre Hall, PA a friendly market for rental owners?
Rental owners in Centre Hall, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical renter like in Centre Hall, PA?
Tenant demand in Centre Hall, PA is solid. The local workforce $1,161/mo rents across most rental classes.
What type of investing works in Centre Hall, PA?
Most investors in Centre Hall, PA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How quickly do rentals get leased in Centre Hall, PA?
Centre Hall, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
Does house hacking work in Centre Hall, PA?
The a challenging house-hack environment in Centre Hall, PA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 16828 now. You don’t know where it ranks.
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How 16828 ranks in State College, PA
Every ZIP in this metro, ranked. Free.
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