21 / 100

Centre County, PA

State College

RANK #779 / 996 NAT  ·  #37 / 44 PA  ·  POP 158,665

1YR FORECAST: +0.9%

5YR OUTLOOK: +17%

Our model projects Centre County's housing market at +0.9% over the next year, underperforming most U.S. counties.

[01] Why Centre County?

The historic borough of Bellefonte, known as the "Victorian Jewel" of Pennsylvania, serves as Centre County's seat and offers a glimpse into the region's past with its preserved architecture and natural Big Spring. Centre County is located in central Pennsylvania, roughly bisected by the Allegheny Mountains, and is home to Penn State University's main campus in State College. The county's landscape features forested plateaus, rolling limestone valleys, and numerous state parks like Bald Eagle, Black Moshannon, and Poe Valley, providing extensive outdoor recreation opportunities. Commuting within the county is facilitated by the Centre Area Transportation Authority (CATA), which offers bus services connecting State College, Bellefonte, and surrounding areas, including routes to Penn State.

Life in Centre County balances metropolitan conveniences with rural charm, attracting a mix of young professionals and families. Public schools in the county, including the State College Area School District, are recognized for their quality. The economy is largely driven by education and healthcare, with Penn State University and Mount Nittany Medical Center being major employers. Recent economic development initiatives aim to diversify the economy by supporting business expansion and targeting growth in sectors such as high-tech manufacturing, life sciences, and sensor technology. There is also a focus on developing infrastructure, including expanding air service and addressing housing needs across various income levels.

[02] Market Snapshot

Housing Ratio
5.1x

Above national median (4.7x)

GDP Growth
+1.5%

Below national median

Home Prices
+1.9%

Above national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 5.1x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Pennsylvania State University Education
  2. 2
    Mount Nittany Medical Center Healthcare
  3. 3
    State Government Government
  4. 4
    State College Area School District Education
  5. 5
    Glenn O Hawbaker Inc. Other
  6. 6
    Wal-Mart Associates Inc. Retail
  7. 7
    Centre County Government Government
  8. 8
    Federal Government Government
  9. 9
    Geisinger Clinic Healthcare
  10. 10
    Giant Food Stores LLC Retail

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Centre County U.S. National

The Numbers

DEMOGRAPHICS
Population
158,665
-0.13% YoY
Median Household Income
$70,087
Median Home Value
$289,800
+1.9% 12mo
Median Rent
$1,118
Average Annual Pay
$62,822
+4.9% YoY
Employment
68,578
+0.2% YoY
Income-to-Home-Value
0.2418
Near national average
Migration Inflow
7.02%
of pop. from another state
Bachelor's Degree+
46.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$385,000
Days on Market
15
Very hot — homes selling fast
Months of Supply
2.7
Seller's market
Sale-to-List Ratio
99.3%
Near asking price
Sold Above List
21.7%
Listings w/ Price Drops
17.5%
Building Permits (2024)
367
Single-Family Permits
290

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.2
per 100K · nat avg 6.3
Firearm Fatalities
6.0
per 100K · nat avg 14.8
Injury Deaths
47.0
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
44.0
Good
Good Air Days
66%
720 of 1,095 days
Unhealthy+ Days (3yr)
9
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
43
2022
44
2023
45
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$427M
TOTAL
PROJECT AMOUNT STATUS
Black Moshannon Solar Project
Undisclosed Developer (approved by Rush Township Supervisors)
$265M Planned
MPG Solar Project
MPG Solar (Energix Renewables)
$162M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.5% 26 percentile
Population Growth -0.1% 23 percentile
Income Growth +7.8% 34 percentile
Vacancy Rate 1.3% 34 percentile
Home Price Change +1.9% 58 percentile
Rent Growth +4.8% 76 percentile
Price/Rent 15x 35 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Centre County, PA a good place to move to?

At 21/100, Centre County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $70,087 combined with job growth of +0.2% suggests the local economy is struggling to keep pace with national trends.

Is Centre County affordable?

Centre County leans toward the expensive side. A median home value of $289,800 against an income-to-home-value ratio of 0.24 means housing eats a bigger share of local earnings than the national norm. Renters face $1,118/month on average.

Is Centre County growing or shrinking?

Population and employment in Centre County are both close to flat — population -0.1% YoY and jobs +0.2%. Home values shifted +1.9% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Centre County?

In significant numbers — 7.02% of Centre County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[10] Similar Counties by Size & Score

Montgomery County, PA 22 Butler County, PA 20 Carbon County, PA 19 Bucks County, PA 17 Allegheny County, PA 16 Beaver County, PA 14 Shawnee County, KS 21 Ulster County, NY 21