State College, PA

Population: 41,757
Average annual home appreciation rate: 7.30%
Total of homes for sale in this market: 18
Median home price: $277,618
Median Rent: $942 per room
Home price range: 39.71% of homes are between $207,001 – $311,000
Median sales price: NO DATA
Number of homes: 6
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 60.67% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 10.33%
Number of renters: 86.05%
Number of owner occupied: 13.95%
Number people living below poverty level: 50.20%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the State College area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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