Why Live in Park Forest Village
Park Forest Village, nestled in Centre County’s Happy Valley, is a verdant neighborhood characterized by its lush tree canopy and suburban charm. The area features a variety of architectural styles, including ranch-style homes, colonials, and Tudors, with higher-density townhouses and condos along the community's edges. The neighborhood is known for its well-maintained lawns and tranquil, winding streets. Park Forest Village is part of the State College Area School District, which boasts high ratings, including the A-rated Park Forest Middle School. The district is expanding, with plans for a new middle school set to begin construction in late 2025. Residents enjoy numerous things to do, such as hiking in the Patton Township Nature Recreation Area and exploring the trails and amenities at Tom Tudek Memorial Park, which includes a dog park, horse stables, and community gardens. Shopping and dining options are abundant along North Atherton Street, featuring national retailers like Trader Joe’s, Target, and Walmart, as well as local restaurants and breweries. The neighborhood is conveniently located near major employers like Penn State University and Mount Nittany Medical Center, both less than 5 miles away. Public transportation is accessible via Centre Area Transportation Authority buses, and bike lanes connect various parts of State College. Park Forest Village also hosts community events and fundraisers, such as the Race to Neverland at Tudek Park. Crime rates in the area are lower than the national average. The area experiences four distinct seasons, and while most of the community is not prone to flooding, buyers should consult maps for specific flood risks.
Frequently Asked Questions
What is the average home price in Park Forest Village, PA?
Homes for sale in Park Forest Village, PA have an average home price of $383,628.
Are home prices dropping in Park Forest Village?
Yes, home prices in Park Forest Village are down 11% in the last 12 months.
How many homes have sold over the last 12 months in Park Forest Village, PA?
30 homes have sold in Park Forest Village, PA over the last 12 months.
What are the most popular zip codes in Park Forest Village, PA?
How much do you need to make to afford a house in Park Forest Village?
The median home price in Park Forest Village is $366,100. If you put a 20% down payment of $73,200 and had a 30-year fixed mortgage with an interest rate of 6.67%, your estimated principal and interest payment would be $1,880 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $81K a year to afford the median home price in Park Forest Village.
How are the schools in Park Forest Village, PA?
Home Trends in Park Forest Village, PA
On average, homes in Park Forest Village, PA sell after 30 days on the market compared to the national average of 50 days. The median sale price for homes in Park Forest Village, PA over the last 12 months is $366,100, down 18% from the median home sale price over the previous 12 months.
Median Sale Price
$366,100
Median Single Family Sale Price
$366,100
Median 2 Bedroom Sale Price
$234,800
Average Price Per Sq Ft
$168
Number of Homes for Sale
2
Last 12 months Home Sales
30
Median List Price
$366,100
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-18%