State College, PA

Population: 42,499
Average annual home appreciation rate: -4.51%
Total of homes for sale in this market:
Median home price: $249,692
Median Rent: $841 per room
Home price range: 42.85% of homes are between $193,001 – $289,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 60.96% of homes are Complexes or High Rise apartments
Number of vacant homes: 10.78%
Number of renters: 79.70%
Number of owner occupied: 20.30%
Number people living below poverty level: 52.02%
Unemployment rate: 6.30%
Is this area perfect for real estate deals going on right now? State College is showing that it is trending downward at this time… The savvy investor knows this to be an opportune time to take advantage of a market. With high poverty rates, high rental percentages, and multiple vacant properties available in the State College market, the picking may be ripe for the buy and hold rental properties. Home appreciation rates will rise, and if you get in the market on the bottom, the ride up could be very beneficial.

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