HousingHandbookReference data

U.S. ZIP Code · PA16866

Centre County · State College, PA

Typical home value

$167,540[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.9%
5-year / yr
+2.1%
10-year / yr
+4.6%

Relative price

vs U.S.
-41.0%
vs metro
-39.6%
vs state
-28.3%
ZIP 16866 location in PA
Location of ZIP 16866 in PA

Price history

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

The typical home in 16866 is worth $167,540 — 39.6% below the State College, PA median. Over the past year, values have risen 0.9%. The effective property tax rate is 1.2%.

#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
1.2%[3]
Typical annual tax
$1,935[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
9,152[3]
Median household income
$49,968[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

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
3
Elementary
1
Middle
1
High
1
  • Philipsburg-Osceola Area HS

    High · Grades 9–12 · Philipsburg-Osceola Area SD

    514 students

  • Philipsburg El Sch

    Elementary · Grades K–5 · Philipsburg-Osceola Area SD

    414 students

  • Philipsburg-Osceola Area MS

    Middle · Grades 6–8 · Philipsburg-Osceola Area SD

    373 students

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$847
Loan principal$134,032
Down payment$33,508
Total interest paid$170,950

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$1,147
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
8th percentile[1]
Rental yield
[2]
Property tax
96th percentile[3]

Frequently asked

How much is a home worth in ZIP code 16866?
The typical home in 16866 is worth $167,540, based on the Zillow Home Value Index.
Are home values rising in 16866?
Home values in 16866 are up 0.9% over the past year, and up 2.1% a year over five years.
What is the property tax rate in 16866?
The effective property tax rate in 16866 is 1.2% — roughly $1,935 a year on a typical home.
Who lives in 16866?
ZIP code 16866 has a population of 9,152 and a median household income of $49,968.

#Comparable ZIPs

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

  • Sandy Ridge CDP, PA

    Typical home
    $164,123
    Gross yield
  • Clarence CDP, PA

    Typical home
    $199,823
    Gross yield
  • Pine Glen CDP, PA

    Typical home
    $133,360
    Gross yield
  • Eagleville CDP, PA

    Typical home
    $208,583
    Gross yield
  • Clarence CDP, PA

    Typical home
    $209,673
    Gross yield
  • Moshannon CDP, PA

    Typical home
    $213,911
    Gross yield

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