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Preforeclosure Homes in State College, PA 16802

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State College, PA Foreclosures

How much do homes sell for in State College, PA?
The average home price is currently $424,076.
What’s the average rental cost in State College, PA?
The average rental price in State College is $1,637.
What is the most expensive home in State College?
The most expensive home sold in State College had a price of $5,861,400.
What is currently the cheapest priced home in State College, PA?
The cheapest home for sale in State College is priced at $19,133.

Living in State College, PA

State College, PA, is a lively college town known for its affiliation with Penn State University. It boasts a vibrant community, rich cultural opportunities, and ample access to nature. Residents enjoy a variety of local amenities, quality education options, and a strong sense of community spirit.

Current Market Conditions in State College, PA

The real estate market in State College has shown a trend of steady appreciation in home values, primarily driven by demand from the university's population. Inventory has been relatively low, and competition for properties can be intense, especially close to the university.

Rental demand remains high in State College thanks to the large student population attending Penn State, further strengthening the investment potential in the local real estate market. Single-family homes, townhouses, and multi-family units are all areas of interest for both new buyers and investors.

Home Value Estimator For State College, PA

There are currently 15,623 real estate properties in State College, PA, with a median automated valuation model (AVM) price of $395,331.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in State College, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in State College, PA, is $424,076.00, with the most expensive house in State College, PA, topping out at $5,861,400.00 and the cheapest home in State College, PA, clocking in at $19,133.00. In other words, there’s something for every potential homebuyer or savvy investor in State College, PA!

Rent Prices In State College, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in State College, PA, is on a rollercoaster ride. The average rent price in State College, PA, is $1,637.00. Indeed, when looking to rent in State College, PA, you can expect to pay as little as $670.00 or as much as $3,380.00, with the average rent median estimated to be $1,630.00. The good news is that finding an affordable and desirable property to rent in State College, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

State College, PA 16802 Preforeclosure Homes


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