State College, PA Real Estate
According to census data in the year 2000 there were 12,488 housing units in State College.
This represents a 7.4% growth from 11,623 in 1990.
Of those housing units, 12,488 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in State College is about 22.8%.
State College's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in State College were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 9.70% |
| One Bedroom | 30.40% |
| Two Bedrooms | 28.40% |
| Three Bedrooms | 18.10% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $154,600 |
| Median Price asked for vacant units | $136,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $706 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 49.20% |
| Debt Free | 35.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
