Why Live in Park Forest Village
Park Forest Village in Centre County’s Happy Valley, PA, is a verdant suburban community known for its tree canopy and nature-filled surroundings. The area features a variety of parks, including Tom Tudek Memorial Park with its walking trails, dog park, horse stables, and butterfly garden, as well as smaller parks with playgrounds and swimming pools. For those interested in things to do, the nearby Patton Township Nature Recreation Area and State Game Lands 176 offer extensive hiking trails and historical ruins. The community is served by the highly rated State College Area School District, with Park Forest Middle School earning high marks and set for expansion in 2025. Housing options range from ranch-style homes to colonials and Tudors, with higher-density townhouses and condos on the outskirts. Shopping and dining are conveniently located off North Atherton Street, featuring national retailers like Trader Joe’s and Target, along with local restaurants and breweries. Penn State University and Mount Nittany Medical Center are less than 5 miles away, making commuting easy via personal vehicles, CATABUSES, or bike lanes. Park Forest Village experiences four distinct seasons, with hot summers and snowy winters. While most of the community is not impacted by flood zones, buyers should consult maps for specific risk areas.
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 $384,849.
Are home prices dropping in Park Forest Village?
Yes, home prices in Park Forest Village are down 7% in the last 12 months.
How many homes have sold over the last 12 months in Park Forest Village, PA?
31 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 $354,950. If you put a 20% down payment of $71,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,840 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $79K 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 19 days on the market compared to the national average of 70 days. The median sale price for homes in Park Forest Village, PA over the last 12 months is $375,000, down 11% from the median home sale price over the previous 12 months.
Median Sale Price
$375,000
Median Single Family Sale Price
$354,950
Median 2 Bedroom Sale Price
$299,900
Average Price Per Sq Ft
$166
Number of Homes for Sale
3
Last 12 months Home Sales
31
Median List Price
$354,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-11%