State College, PA · Pennsylvania
Centre County
ZIP 16866
158,041 residents295 permits TTM$72,748 median HHI31 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$308,100
ACS 5-Year
Cap rate proxy
4.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.5%
HUD FMR ÷ ACS HHI
Net migration
+0.80%
IRS SOI
Permits (TTM)
295
Census BPS
Climate risk
68.0
FEMA NRI (0–100)
ZIP 16866
Median home value
—
Gross yield
—
Buy Box score
0.6
Section 8 gap
—
Affordability
P/I: 2.1R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown31 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 16866 | — | — | — | 9.1% | — |
| 16874 | — | — | — | 7.1% | — |
| 16854 | — | — | — | 6.2% | — |
| 16803 | — | — | — | 5.7% | — |
| 16820 | — | — | — | 5.5% | — |
| 16872 | — | — | — | 5.4% | — |
| 16841 | — | — | — | 5.4% | — |
| 16844 | — | — | — | 5.0% | — |
| 16823 | — | — | — | 5.0% | — |
| 16801 | — | — | — | 4.8% | — |
| 16677 | — | — | — | 4.6% | — |
| 16802 | — | — | — | 4.6% | — |
| 16826 | — | — | — | 4.6% | — |
| 16829 | — | — | — | 4.6% | — |
| 16832 | — | — | — | 4.6% | — |
| 16835 | — | — | — | 4.6% | — |
| 16845 | — | — | — | 4.6% | — |
| 16851 | — | — | — | 4.6% | — |
| 16852 | — | — | — | 4.6% | — |
| 16853 | — | — | — | 4.6% | — |
| 16856 | — | — | — | 4.6% | — |
| 16859 | — | — | — | 4.6% | — |
| 16864 | — | — | — | 4.6% | — |
| 16868 | — | — | — | 4.6% | — |
| 16882 | — | — | — | 4.6% | — |
| 16877 | — | — | — | 4.4% | — |
| 16828 | — | — | — | 4.3% | — |
| 16865 | — | — | — | 4.2% | — |
| 16875 | — | — | — | 4.1% | — |
| 16827 | — | — | — | 3.4% | — |
| 16870 | — | — | — | 3.4% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
61.8%
Census ACS
Vacancy rate
10.6%
Census ACS
Bachelor's degree +
46.5%
Census ACS
Rent burdened
52.4%
Census ACS (>30% income)
Median age
33.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026