Rental numbers for Centre County, PA
The typical home here runs -$1,074 a month at 7.78% with 25% down, breaking even at about 0.8%. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.2%.
- Gross yield
- 6.0%
- typical home, Zillow
- Median ZIP yield
- 5.2%
- 2 ZIPs with full data
- Cash flow
- -$1,074/mo
- at 7.78%, 25% down
- Typical price
- $351,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,762/mo
- Zillow ZORI, Aug 2026
ZIP codes in Centre County
27 with published figures
| 16845Karthaus | $135,000 | $1,290* | 11.5% | 7.1% | +$75 | n/a |
| 16677Sandy Ridge | $163,000 | $1,290* | 9.5% | 5.3% | -$151 | n/a |
| 16866Philipsburg | $170,000 | $1,290* | 9.1% | 5.0% | -$213 | n/a |
| 16829Clarence | $205,000 | $1,290* | 7.5% | 4.1% | -$405 | n/a |
| 16874Snow Shoe | $211,000 | $1,290* | 7.3% | 3.8% | -$466 | n/a |
| 16826Blanchard | $214,000 | $1,290* | 7.2% | 3.6% | -$504 | n/a |
| 16859Moshannon | $217,000 | $1,290* | 7.1% | 3.4% | -$549 | n/a |
| 16853Milesburg | $223,000 | $1,290* | 6.9% | 3.9% | -$472 | n/a |
| 16854Millheim | $244,000 | $1,290* | 6.3% | 2.9% | -$718 | n/a |
| 16832Coburn | $252,000 | $1,290* | 6.1% | 2.7% | -$798 | n/a |
| 16852Madisonburg | $263,000 | $1,290* | 5.9% | 2.6% | -$840 | n/a |
| 16868Pine Grove Mills | $315,000 | $1,540* | 5.9% | 2.7% | -$1,000 | n/a |
| 16820Aaronsburg | $268,000 | $1,290* | 5.8% | 2.4% | -$900 | n/a |
| 16865Pennsylvania Furnace | $350,000 | $1,670* | 5.7% | 2.4% | -$1,180 | n/a |
| 16872Rebersburg | $276,000 | $1,290* | 5.6% | 2.1% | -$997 | n/a |
| 16841Howard | $280,000 | $1,290* | 5.5% | 2.3% | -$982 | n/a |
| 16844Julian | $295,000 | $1,290* | 5.3% | 2.1% | -$1,068 | n/a |
| 16882Woodward | $295,000 | $1,290* | 5.3% | 2.3% | -$1,031 | n/a |
| 16803State College | $418,000 | $1,824 | 5.2% | 2.0% | -$1,539 | n/a |
| 16801State College | $412,000 | $1,775 | 5.2% | 2.1% | -$1,498 | +6.9% |
| 16823Bellefonte | $310,000 | $1,290* | 5.0% | 1.8% | -$1,207 | n/a |
| 16877Warriors Mark | $316,000 | $1,290* | 4.9% | 2.0% | -$1,171 | n/a |
| 16851Lemont | $382,000 | $1,480* | 4.7% | 1.7% | -$1,511 | n/a |
| 16828Centre Hall | $343,000 | $1,290* | 4.5% | 1.4% | -$1,457 | n/a |
| 16875Spring Mills | $357,000 | $1,290* | 4.3% | 1.4% | -$1,521 | n/a |
| 16827Boalsburg | $430,000 | $1,480* | 4.1% | 1.1% | -$1,934 | n/a |
| 16870Port Matilda | $436,000 | $1,290* | 3.5% | 0.8% | -$2,053 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.5%
- Rent, 12 months
- +3.3%
- Rent minus price growth
- +0.8 pts
- Property tax
- 1.05%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $291,856 | $1,370 |
| Aug 2022 | $310,063 | $1,497 |
| Aug 2023 | $324,221 | $1,563 |
| Aug 2024 | $329,804 | $1,648 |
| Aug 2025 | $342,906 | $1,706 |
| Aug 2026 | $351,317 | $1,762 |
HUD Fair Market Rent
FY2027, State College, PA MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,274 | $1,282 | $1,537 | $1,977 | $2,020 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 8.3
- 489 units, last 12 months
- National percentile
- 65th
- among US counties
Tools
Test a listing in Centre County against today's rate.
Open the calculatorPart of the State College, PA metro.
Questions
- Is Centre County good for rental property?
- The typical home here runs -$1,074 a month at 7.78% with 25% down, breaking even at about 0.8%. 0 of 2 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Centre County?
- About 1.05% of value, from Census ACS median taxes paid over median home value. On a $351,000 home that is about $3,678 a year.
- What is Fair Market Rent in Centre County?
- HUD's FY2027 Fair Market Rent here is $1,282 for a 1-bedroom, $1,537 for a 2-bedroom and $1,977 for a 3-bedroom. Typical cash flow at today's rate is -$1,074 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.