Cities with the fastest growing home prices in State College metro area

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November 23, 2022
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Cities with the fastest growing home prices in State College metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in State College, PA metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 21 cities and towns with data available were included in the list.

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#21. Blanchard, Blanchard

- 1-year price change: +$6,429 (+4.0%)
- 5-year price change: $-10,727 (-6.0%)
- Typical home value: $166,922 (#19 most expensive city in metro)
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#20. Milesburg, Milesburg

- 1-year price change: +$10,891 (+6.0%)
- 5-year price change: $-10,727 (data not available)
- Typical home value: $191,708 (#17 most expensive city in metro)
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#19. Osceola Mills, Osceola Mills

- 1-year price change: +$16,280 (+15.6%)
- 5-year price change: $-10,727 (data not available)
- Typical home value: $120,359 (#21 most expensive city in metro)
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#18. Philipsburg, Philipsburg

- 1-year price change: +$16,781 (+12.0%)
- 5-year price change: +$42,430 (+37.2%)
- Typical home value: $156,541 (#20 most expensive city in metro)
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#17. Clarence, Clarence

- 1-year price change: +$18,119 (+11.2%)
- 5-year price change: +$42,404 (+30.8%)
- Typical home value: $180,294 (#18 most expensive city in metro)

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#16. Pleasant Gap, Pleasant Gap

- 1-year price change: +$22,097 (+9.6%)
- 5-year price change: +$68,240 (+37.3%)
- Typical home value: $251,094 (#11 most expensive city in metro)
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#15. Millheim, Millheim

- 1-year price change: +$24,474 (+12.7%)
- 5-year price change: +$63,402 (+41.2%)
- Typical home value: $217,119 (#16 most expensive city in metro)
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#14. Bellefonte, Bellefonte

- 1-year price change: +$28,301 (+11.4%)
- 5-year price change: +$72,503 (+35.4%)
- Typical home value: $277,350 (#8 most expensive city in metro)
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#13. Julian, Julian

- 1-year price change: +$28,427 (+11.9%)
- 5-year price change: +$72,503 (data not available)
- Typical home value: $267,676 (#10 most expensive city in metro)
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#12. Pine Grove Mills, Pine Grove Mills

- 1-year price change: +$28,811 (+11.0%)
- 5-year price change: +$72,503 (data not available)
- Typical home value: $290,281 (#7 most expensive city in metro)

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#11. Rebersburg, Rebersburg

- 1-year price change: +$32,171 (+15.8%)
- 5-year price change: +$69,417 (+41.8%)
- Typical home value: $235,570 (#13 most expensive city in metro)
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#10. Madisonburg, Madisonburg

- 1-year price change: +$32,742 (+16.6%)
- 5-year price change: +$69,417 (data not available)
- Typical home value: $230,104 (#15 most expensive city in metro)
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#9. Aaronsburg, Aaronsburg

- 1-year price change: +$34,543 (+17.2%)
- 5-year price change: +$70,109 (+42.5%)
- Typical home value: $235,210 (#14 most expensive city in metro)
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#8. Lemont, Lemont

- 1-year price change: +$35,346 (+11.7%)
- 5-year price change: +$70,109 (data not available)
- Typical home value: $337,020 (#4 most expensive city in metro)
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#7. Coburn, Coburn

- 1-year price change: +$36,274 (+18.0%)
- 5-year price change: +$70,109 (data not available)
- Typical home value: $238,043 (#12 most expensive city in metro)

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#6. State College, State College

- 1-year price change: +$40,558 (+12.1%)
- 5-year price change: +$108,615 (+40.5%)
- Typical home value: $376,712 (#3 most expensive city in metro)
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#5. Port Matilda, Port Matilda

- 1-year price change: +$41,602 (+11.5%)
- 5-year price change: +$91,034 (+29.2%)
- Typical home value: $402,335 (#1 most expensive city in metro)
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#4. Boalsburg, Boalsburg

- 1-year price change: +$41,779 (+11.9%)
- 5-year price change: +$93,914 (+31.3%)
- Typical home value: $393,972 (#2 most expensive city in metro)
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#3. Centre Hall, Centre Hall

- 1-year price change: +$43,572 (+15.9%)
- 5-year price change: +$90,152 (+39.5%)
- Typical home value: $318,153 (#5 most expensive city in metro)
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#2. Spring Mills, Spring Mills

- 1-year price change: +$47,117 (+17.6%)
- 5-year price change: +$93,888 (+42.6%)
- Typical home value: $314,426 (#6 most expensive city in metro)

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#1. Woodward, Woodward

- 1-year price change: +$48,505 (+21.5%)
- 5-year price change: +$93,888 (data not available)
- Typical home value: $274,589 (#9 most expensive city in metro)

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