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Centre County Housing Market

Pennsylvania · 67 counties · Ranked #2682 in home value

Above National Avg

Housing at a Glance

Median Home Value

$308,100

vs national+$308,100 vs $281,900 national

Median Gross Rent

$1,181/mo

vs national+$1,181 vs $1,163 national

Effective Tax Rate

1.07%

vs national+1.07% vs 1.02% national

Median Household Income

$72,748

vs national$72,748 vs $74,755 national

Affordability Ratio

4.2x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

34.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,282

Tax as % of Home Value

1.07%

Monthly Owner Cost

$1,265

Renter Income

$38,286

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Centre County?

The median home value in Centre County is $308,100. This is above the national median of $281,900.

How much is rent in Centre County?

The median gross rent in Centre County is $1,181 per month.

What is the property tax rate in Centre County?

The effective property tax rate in Centre County is 1.07%. The median annual property tax bill is $3,282.

Is Centre County affordable?

With a home-value-to-income ratio of 4.2x, Centre County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.