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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 Type9.70%
One Bedroom30.40%
Two Bedrooms28.40%
Three Bedrooms18.10%
Four Bedrooms9.60%
Five Bedrooms or more3.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1959
Median Value of occupied units$154,600
Median Price asked for vacant units$136,400

Rented Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1971
Median Monthly Rent asked for vacant units$706

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage6.40%
Home Equity Loan7.90%
Simple Mortgage49.20%
Debt Free35.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.4%