Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$351,727+2.4% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$76,247About 1.0× the local median income ($76,524): affordable for a typical household
Days on market46 daysFaster than a year ago: sellers have the edge
Next 12 months+3.4%Zillow expects prices to rise slightly
The typical home in Centre County, PA is worth $351,727, up 2.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $340,488, so the area is 3.3% overvalued. It is a balanced market: homes take about 46 days to sell, listings are up 22% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 3.4% over the next year. A household needs about $76,247 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,524. Typical rent is $1,947 a month, or $2,154 for a house. In the latest IRS figures, 922 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$351,727
Change in 1 year
+2.4%
Overvalued %
+3.3%
Show 7 more
Fair home value
$340,488
Change in 5 years
+21.0%
Zillow forecast, next 12 months
+3.4%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$1,906
Income needed to afford it
$76,247
Property tax rate
1.05%
Rent and investing
Typical rent
$1,947
Typical rent for houses
$2,154
Price-to-rent ratio
15.1×
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HUD Fair Market Rent, 2 bedrooms
$1,537
Gross rental yield
6.64%
Cap rate (estimate)
4.32%
Market activity
Listings vs a year ago
+21.8%
Days on market
46
Listings with a price cut
18.2%
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Homes for sale
279
Pending sales per 100 listings
59
Asking price per sq ft
$202
People and jobs
Median household income
$76,524
Population change (1 year)
−0.7%
Unemployment rate
4.2%
Show 4 more
Population
157,393
Income adjusted for cost of living
$79,054
Net moves in (IRS)
−922
Cost of living (US = 100)
96.8
Schools, risk and environment
School rating (1 to 10)
7.6
FEMA hazard risk score (0 to 100)
68.0
Unhealthy air days a year
1
Show 4 more
Flood risk score
81.2
Wildfire risk score
32.5
Walkability (1 to 20)
10.6
Road, rail and air noise
54 dB
Questions people ask
Is Centre County, PA overvalued?
Home prices in Centre County, PA are slightly above what local incomes have historically supported: fair value is about $340,488, so the area is 3.3% overvalued.
Is Centre County, PA a buyer's or seller's market?
Centre County, PA is a balanced market: homes take about 46 days to sell, listings are up 22% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Centre County, PA?
Home values in Centre County, PA are up 2.4% over the last year. Zillow's forecast for the next 12 months is +3.4%.
How much do you need to earn to buy a home in Centre County, PA?
A household needs about $76,247 a year to afford the typical home in Centre County, PA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,524.