HousingHandbookReference data

U.S. ZIP Code · PA16844

Centre County · State College, PA

Typical home value

$294,817[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.6%
5-year / yr
+3.7%
10-year / yr
+5.2%

Relative price

vs U.S.
+3.8%
vs metro
+6.2%
vs state
+26.2%
ZIP 16844 location in PA
Location of ZIP 16844 in PA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 16844 is worth $294,817 — 6.2% above the State College, PA median. Over the past year, values have risen 4.6%. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$2,619[3]

#Climate risk

FEMA National Risk Index ratings for Centre County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
2,606[3]
Median household income
$85,147[3]

#Migration

Household moves in and out of Centre County over a year, from IRS tax-return data.

Net migration
-744[5]
Moved in
3,265
Moved out
4,009

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,491
Loan principal$235,854
Down payment$58,963
Total interest paid$300,819

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,955
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
38th percentile[1]
Rental yield
[2]
Property tax
32nd percentile[3]

Frequently asked

How much is a home worth in ZIP code 16844?
The typical home in 16844 is worth $294,817, based on the Zillow Home Value Index.
Are home values rising in 16844?
Home values in 16844 are up 4.6% over the past year, and up 3.7% a year over five years.
What is the property tax rate in 16844?
The effective property tax rate in 16844 is 0.9% — roughly $2,619 a year on a typical home.
Who lives in 16844?
ZIP code 16844 has a population of 2,606 and a median household income of $85,147.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Woodward CDP, PA

    Typical home
    $292,435
    Gross yield
  • Zion CDP, PA

    Typical home
    $308,476
    Gross yield
    4.9%
  • Pine Grove Mills CDP, PA

    Typical home
    $310,507
    Gross yield
  • Snydertown CDP, PA

    Typical home
    $277,555
    Gross yield
  • PA

    Typical home
    $315,747
    Gross yield
  • Rebersburg CDP, PA

    Typical home
    $273,609
    Gross yield

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