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Cities with the most expensive homes in the State College metro area

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Arina P Habich // Shutterstock
Arina P Habich // Shutterstock

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the State College metro area using data from . Charts show the monthly typical home value since January 2018. All 16 cities and towns with data available were included in the list.

You may also like: How many homes are for sale in State College right now?

#16. Osceola Mills, PA

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#16. Osceola Mills, PA

- Typical home value: $136,434
- 1-year price change: -0.1%
- 5-year price change: data not available

#15. Sandy Ridge, PA

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#15. Sandy Ridge, PA

- Typical home value: $145,455
- 1-year price change: -1.0%
- 5-year price change: +15.6%

#14. Philipsburg, PA

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#14. Philipsburg, PA

- Typical home value: $168,826
- 1-year price change: +0.5%
- 5-year price change: +6.0%

#13. Clarence, PA

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#13. Clarence, PA

- Typical home value: $207,354
- 1-year price change: +4.0%
- 5-year price change: +12.9%

#11. Milesburg, PA

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#11. Milesburg, PA

- Typical home value: $221,484
- 1-year price change: +2.6%
- 5-year price change: +26.1%

#10. Millheim, PA

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#10. Millheim, PA

- Typical home value: $247,583
- 1-year price change: -1.8%
- 5-year price change: +22.8%

#9. Aaronsburg, PA

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#9. Aaronsburg, PA

- Typical home value: $270,615
- 1-year price change: +0.4%
- 5-year price change: +19.2%

#8. Rebersburg, PA

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#8. Rebersburg, PA

- Typical home value: $273,196
- 1-year price change: +1.4%
- 5-year price change: +16.3%

#6. Bellefonte, PA

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#6. Bellefonte, PA

- Typical home value: $314,956
- 1-year price change: +2.4%
- 5-year price change: +21.9%

#5. Centre Hall, PA

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#5. Centre Hall, PA

- Typical home value: $344,014
- 1-year price change: +1.1%
- 5-year price change: +19.8%

#4. Spring Mills, PA

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#4. Spring Mills, PA

- Typical home value: $348,518
- 1-year price change: +4.1%
- 5-year price change: +23.4%

#3. State College, PA

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#3. State College, PA

- Typical home value: $412,988
- 1-year price change: +2.1%
- 5-year price change: +19.2%

#1. Port Matilda, PA

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#1. Port Matilda, PA

- Typical home value: $433,824
- 1-year price change: +3.9%
- 5-year price change: +22.7%