Is State College, PA a good place to invest in rental property?

State College, PA has a median modeled monthly cash flow of $-2,035 and a median cap rate of 1.6%, on a median sold price of $441,000. Prices changed -2.8% year over year.

What is the average cap rate in State College, PA?

The median cap rate across recently sold homes in State College, PA is 1.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in State College, PA?

The median sold price in State College, PA is $441,000 (about $211 per square foot).

Investing in State College, PA Real Estate

A data-driven snapshot of the State College, PA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$441,000Median sold price

$211Median $/sqft

1.6%Median cap rate

$-2,035Modeled cash flow / mo

-2.8%Appreciation YoY

5.0Months of supply

101Active listings

241Sold (last 12 mo)

What the State College numbers say

In State College, PA, the median home sold for $441,000 (about $211 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-2,035 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 5.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Pennsylvania markets to compare

See State College cash-flowing listings

CashFlowRE ranks every for-sale home in State College, PA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen State College deals, or browse the national market data.