What is the median home value in Park Forest Village, PA?

Name: Home values in Park Forest Village, PA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Park Forest Village, PA is $389,600 (±$33,383), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Park Forest Village, the median home value went from $289,800 in 2015–2019 to $389,600 in 2020–2024 (+34.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $389,600 (±$33,383)
Owner-occupied homes: 2,108 (±275)
Most common range: $300,000 to $499,999

Home values in Park Forest Village

Owner-occupied homes by value, 2020–2024
Value	Park Forest Village	Centre County	Pennsylvania	United States
Less than $50,000	2.5% (±2.0 points)	4.7%	5.5%	5.3%
$50,000 to $99,999	0.0% (±1.5 points)	4.0%	8.4%	6.1%
$100,000 to $149,999	1.6% (±1.7 points)	4.8%	9.6%	6.8%
$150,000 to $199,999	0.9% (±1.2 points)	10.1%	12.8%	9.0%
$200,000 to $299,999	21.3% (±7.4 points)	21.7%	22.9%	17.8%
$300,000 to $499,999	47.1% (±7.6 points)	34.4%	25.9%	26.9%
$500,000 to $999,999	26.3% (±7.6 points)	17.9%	12.8%	20.9%
$1,000,000 or more	0.4% (±0.8 points)	2.4%	2.1%	7.1%

The most common range is $300,000 to $499,999, 47.1% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Park Forest Village against Centre County, its state and the nation

Estimate (90% margin of error)
	Park Forest Village	Centre County	Pennsylvania	United States
Median home value	$389,600 (±$33,383)	$323,500 (±$7,308)	$254,500 (±$767)	$332,700
Owner-occupied homes	2,108 (±275)	36,467 (±692)	3,656,971 (±15,249)	84,210,142

In Park Forest Village, the median home value is higher than in Centre County ($323,500).

It is also higher than in Pennsylvania ($254,500).

It is higher than the national figure ($332,700).

In Centre County, Park Forest Village ranks 4 of 11 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 69 of 383.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Park Forest Village have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$289,800 (±$17,452)	$389,600 (±$33,383)	+34.4%	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

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.

Median home value in places near Park Forest Village

Nearest places with a published estimate, compared with Park Forest Village
Place	Distance	Median home value	Compared with this place
Park Forest Village	—	$389,600 (±$33,383)	—
Toftrees	2.1 mi	$434,100 (±$55,397)	Not measurably different
State College	2.8 mi	$437,800 (±$24,405)	Higher
Ferguson Township (Centre County)	4.2 mi	$404,600 (±$21,886)	Not measurably different
Pine Grove Mills	4.8 mi	$378,500 (±$65,419)	Not measurably different
Houserville	4.9 mi	$378,600 (±$37,146)	Not measurably different
College Township	4.9 mi	$404,400 (±$33,305)	Not measurably different
Lemont	4.9 mi	$385,600 (±$42,978)	Not measurably different
Ramblewood	5.5 mi	$269,500 (±$18,755)	Lower

Nearby places with a measurably lower figure: Ramblewood, PA ($269,500).

Nearby places with a measurably higher figure: State College, PA ($437,800).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Centre County, place by place

Rank	Place	Median home value
1	Stormstown	$440,800 (±$31,228)
2	Toftrees	$434,100 (±$55,397)
3	Boalsburg	$413,000 (±$40,002)
4	Park Forest Village	$389,600 (±$33,383)
5	Lemont	$385,600 (±$42,978)
6	Houserville	$378,600 (±$37,146)
7	Pine Grove Mills	$378,500 (±$65,419)
8	Zion	$344,700 (±$39,452)
9	Ramblewood	$269,500 (±$18,755)
10	Pleasant Gap	$240,200 (±$18,277)

Showing 10 of 11 places in Centre County, ranked from highest to lowest.

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 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).

Have home values in Park Forest Village gone up?

In Park Forest Village, the median home value went from $289,800 in 2015–2019 to $389,600 in 2020–2024 (+34.4%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Park Forest Village sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.