Is Park Forest Village, PA growing?

Park Forest Village, PA had an estimated 8,624 (±770) residents in 2020–2024, against 10,299 in 2015–2019.

That is a change of −16.3%, a measurable decrease.

Its housing went from 3,996 to 4,359 homes (+9.1%), not a measurable change.

0.2% of today’s homes were built in 2020 or later.

Figures last updated on .

Residents now
8,624 (±770)
Amount of change
−16.3%
Homes change
+9.1%
Built 2020 or later
0.2%

Residents and homes in Park Forest Village, 2015–2019 and 2020–2024

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Residents10,299 (±893)8,624 (±770)−16.3%Measurable decrease
Housing units3,996 (±273)4,359 (±400)+9.1%Not a measurable change
Households that rent41.8% (±3.9 points)44.4% (±5.5 points)+2.6 percentage pointsNot 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

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.

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

Change between 2015–2019 and 2020–2024
ResidentsVerdictHousing units
Park Forest Village−16.3%Measurable decrease+9.1%
Centre County−2.1%Measurable decrease−0.3%
Pennsylvania+1.8%Measurable increase+2.0%
United States+3.1%Measurable increase+4.6%

A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.

New homes in Park Forest Village

Housing units by year built, 2020–2024
Year builtPark Forest VillageCentre CountyPennsylvaniaUnited States
2020 or later0.2% (±0.4 points)1.0%1.0%2.0%
2010 to 20192.7% (±2.5 points)8.9%5.1%9.4%
2000 to 200910.3% (±3.6 points)12.9%8.1%13.6%

2.9% of the homes in Park Forest Village were built in 2010 or later.

The median age of residents is 38.2 years.

Growth in places near Park Forest Village

Change in residents between 2015–2019 and 2020–2024
PlaceDistanceResidents nowAmount of changeVerdict
Park Forest Village—8,624−16.3%Measurable decrease
Toftrees2.1 mi2,873+14.9%Not a measurable change
State College2.8 mi41,050−2.9%Measurable decrease
Ferguson Township (Centre County)4.2 mi19,079−1.6%Measurable decrease
Pine Grove Mills4.8 mi1,502+2.7%Not a measurable change
Houserville4.9 mi2,000+1.4%Not a measurable change
College Township4.9 mi10,540+4.3%Measurable increase
Lemont4.9 mi2,076−5.1%Not a measurable change
Ramblewood5.5 mi1,092+14.9%Not a measurable change

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

Is Park Forest Village growing?

Park Forest Village, PA had an estimated 8,624 residents in 2020–2024 and 10,299 in 2015–2019, a change of −16.3%: a measurable decrease by the Census Bureau’s test.

How many homes have been added in Park Forest Village?

The estimated number of housing units went from 3,996 in 2015–2019 to 4,359 in 2020–2024 (+9.1%), not a measurable change.

How much new construction is there in Park Forest Village?

0.2% of homes in Park Forest Village were built in 2020 or later and 2.7% between 2010 and 2019.

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 B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M

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 .

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