Housing data for Park Forest Village, PA
Park Forest Village, PA has an estimated 8,624 residents and 4,359 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Centre County.
44.4% of households rent.
The median gross rent is $1,331 a month.
Its population shrank measurably since 2015–2019 (−16.3%).
Figures last updated on .
- Residents
- 8,624 (±770)
- Housing units
- 4,359 (±400)
- Households that rent
- 44.4%
- Median gross rent
- $1,331
- Residents since 2015–2019
- −16.3%
What stands out in Park Forest Village
Homes heated by fuel oil: 5.0% (±2.0 points) in Park Forest Village, lower than in Centre County (19.9%).
Working from home: 26.1% (±7.1 points) in Park Forest Village, higher than in Centre County (15.3%).
Median real estate taxes: $4,592 (±$603) in Park Forest Village, higher than in Centre County ($3,386).
Homes in buildings of 5 or more units: 32.3% (±6.4 points) in Park Forest Village, higher than in Centre County (23.9%).
- Heating fuel in Park Forest Village
- Commute and cars in Park Forest Village
- Property taxes in Park Forest Village
- Types of homes in Park Forest Village
Housing in Park Forest Village at a glance
- Median rent: $1,331 median gross rent a month
- Rent by bedrooms: $1,370 median gross rent, 2 bedrooms
- Rent burden: 73.2% of renters pay 30% or more of income
- Renters and owners: 44.4% of households rent
- Income and affordability: $79,120 median household income
- Home values: $389,600 median home value
- Homeowner costs: $2,157 median monthly cost with a mortgage
- Property taxes: $4,592 median real estate taxes a year
- Types of homes: 32.3% of homes are in buildings of 5 or more units
- Bedrooms: 66.7% of homes have 3 or more bedrooms
- Age of homes: 46.3% of homes were built before 1980
- Vacancy rate: 12.8% rental vacancy rate
- Heating fuel: 49.5% heat with electricity
- Commute and cars: 14.3 minutes average trip to work
- Growth: −16.3% residents since 2015–2019
- How long people stay: 28.1% moved in since 2020
- Crowding and facilities: 3.0% of homes have more than 1 person per room
Park Forest Village against Centre County, its state and the nation
| Park Forest Village | Centre County | Pennsylvania | United States | |
|---|---|---|---|---|
| Residents | 8,624 (±770) | 158,576 (exact) | 13,018,639 (exact) | 334,922,499 |
| Housing units | 4,359 (±400) | 66,475 (±145) | 5,806,452 (±672) | 143,775,355 |
| Households that rent | 44.4% (±5.5 points) | 38.2% (±1.2 points) | 30.7% (±0.2 points) | 34.8% |
| Median gross rent | $1,331 (±$84) | $1,207 (±$27) | $1,209 (±$5) | $1,413 |
| Median household income | $79,120 (±$8,981) | $74,291 (±$2,520) | $77,971 (±$342) | $80,734 |
| Median home value | $389,600 (±$33,383) | $323,500 (±$7,308) | $254,500 (±$767) | $332,700 |
| Median real estate taxes (a year) | $4,592 (±$603) | $3,386 (±$96) | $3,311 (±$12) | $3,119 |
| Built before 1980 | 46.3% (±7.6 points) | 49.6% (±2.0 points) | 67.3% (±0.2 points) | 49.7% |
| Average commute | 14.3 minutes (±1.5) | 20.2 minutes (±0.6) | 26.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 79.6% (±5.1 points) | 85.5% (±1.3 points) | 89.7% (±0.1 points) | 91.0% |
| Median age of residents | 38.2 years (±2.5) | 34.2 years (±0.2) | 40.9 years (±0.2) | 38.9 years |
Park Forest Village covers 2.5 square miles of land, about 3,461 residents per square mile (Census Bureau Gazetteer).
How Park Forest Village has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 10,299 (±893) | 8,624 (±770) | −16.3% | Measurable decrease |
| Housing units | 3,996 (±273) | 4,359 (±400) | +9.1% | Not a measurable change |
| Median gross rent | $1,072 (±$68) | $1,331 (±$84) | +24.2% | No measurable change after inflation |
| Median home value | $289,800 (±$17,452) | $389,600 (±$33,383) | +34.4% | No measurable change after inflation |
| Median household income | $72,083 (±$8,347) | $79,120 (±$8,981) | +9.8% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,874 (±$277) | $2,157 (±$267) | +15.1% | No measurable change after inflation |
| Median real estate taxes | $3,594 (±$264) | $4,592 (±$603) | +27.8% | No measurable change after inflation |
| Households that rent | 41.8% (±3.9 points) | 44.4% (±5.5 points) | +2.6 percentage points | Not a measurable change |
| Rental vacancy rate | 4.5% (±5.6 points) | 12.8% (±8.1 points) | +8.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Centre County
Park Forest Village has no police department of its own in the FBI’s figures, so this is the figure for Centre County as a whole.
In 2024, the police departments that report for Centre County recorded 96 violent and 608 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Park Forest Village
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 16803 | 11% | 23,977 | $1,356 | $413,700 | $73,532 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Park Forest Village
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Toftrees | 2.1 mi | $1,566 | $434,100 | 83.1% |
| State College | 2.8 mi | $1,273 | $437,800 | 73.9% |
| Ferguson Township (Centre County) | 4.2 mi | $1,315 | $404,600 | 41.1% |
| Pine Grove Mills | 4.8 mi | $1,410 | $378,500 | 10.2% |
| Houserville | 4.9 mi | — | $378,600 | 11.9% |
| College Township | 4.9 mi | $1,112 | $404,400 | 23.5% |
| Lemont | 4.9 mi | $1,481 | $385,600 | 23.1% |
| Ramblewood | 5.5 mi | $2,037 | $269,500 | 22.2% |
Places in Pennsylvania most like Park Forest Village
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Ferguson Township (Centre County) | $1,315 | $404,600 | $85,935 | 41.1% |
| Hershey | $1,268 | $379,200 | $78,587 | 46.3% |
| Hatfield | $1,244 | $364,400 | $80,962 | 51.6% |
| Wyomissing | $1,781 | $339,900 | $93,203 | 31.7% |
| Derry Township (Dauphin County) | $1,361 | $390,000 | $97,025 | 36.9% |
| Lower Paxton Township | $1,417 | $284,700 | $91,789 | 33.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Pennsylvania.
HUD Fair Market Rent for Park Forest Village, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,274 | $1,282 | $1,537 | $1,977 | $2,020 |
HUD income limits for Park Forest Village, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $24,850 | $41,450 | $66,300 |
| 2 people | $28,400 | $47,350 | $75,750 |
| 3 people | $31,950 | $53,250 | $85,200 |
| 4 people | $35,500 | $59,150 | $94,650 |
| 5 people | $38,680 | $63,900 | $102,250 |
| 6 people | $44,360 | $68,650 | $109,800 |
| 7 people | $50,040 | $73,350 | $117,400 |
| 8 people | $55,720 | $78,100 | $124,950 |
These are the limits HUD sets for its housing programs in the State College, PA MSA, where HUD’s median family income for fiscal year 2026 is $118,300.
A program can use its own limits; tax-credit and local programs often do.
Park Forest Village is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Patton Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Park Forest Village
What is the average rent in Park Forest Village, PA?
The Census Bureau publishes the median rather than the average: the median gross rent in Park Forest Village is $1,331 (±$84) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a two-bedroom apartment in Park Forest Village?
The median gross rent for a two-bedroom home in Park Forest Village, PA is $1,370 (±$29) a month (2020–2024 American Community Survey).
Are renters in Park Forest Village rent-burdened?
73.2% of renting households in Park Forest Village pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Park Forest Village?
Park Forest Village has an estimated 1,683 (±272) renting households, 44.4% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Park Forest Village?
The median household income in Park Forest Village is $79,120 (±$8,981) a year (2020–2024 American Community Survey).
What is the average home value in Park Forest Village, PA?
The Census Bureau publishes the median: $389,600 (±$33,383) for owner-occupied homes in Park Forest Village (2020–2024 American Community Survey).
Is Park Forest Village growing?
In Park Forest Village, the number of residents went from 10,299 in 2015–2019 to 8,624 in 2020–2024 (−16.3%), a measurable decrease.
What ZIP codes are in Park Forest Village?
The ZIP code that covers Park Forest Village is 16803.
What is the median rent in ZIP code 16803?
The median gross rent in ZIP Code Tabulation Area 16803 is $1,356 (±$65) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Park Forest Village CDP, Pennsylvania
- HUD Fair Market Rents, fiscal year 2027: State College, PA MSA
- HUD Income Limits, fiscal year 2026: State College, PA MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Park Forest Village CDP, Pennsylvania (place:58036, in state:42).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .