Rent to own Homes in State College, PA
Low home ownership rate! Although the population is near 42,000 people, only 19% own their homes - the vast majority rent. Because of this, there are many beautiful homes in the area waiting for the perfect long-term resident. Nearby Lemont and Houserville are also areas that have an abundance of rent to own options.
State College, PA is a great place for affordable rent-to-own homes! With a median household income of over $38,076 and a median rent of $1,083, the State College, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in State College, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More State College, PA Property Resources
Rent to own Homes in Cities Near State College, PA
- Alexandria
- Allensville
- Allport
- Baileyville
- Bald Eagle
- Casanova
- Chester Hill
- Church Hill
- Eagle Creek
- Frenchville
- Holters Crossing
- Howard
- Hublersburg
- Huntingdon
- Ironville
- Julian
- Kylertown
- Mattawana
- McVeytown
- Mc Veytown
- Milesburg
- Mingoville
- Monument
- Moose Run
- Mount Eagle
- Northwood
- Olivia
- Pennsylvania Furnace
- Peru
- Petersburg
- Philipsburg
- Port Matilda
- Potters Mills
- Ramblewood
- Runville
- Sandy Ridge
- Snow Shoe
- Spruce Creek
- State College
- Stormstown
- Strodes Mills
- Toftrees
- Tyrone
- Tyrone Forge
- Unionville
- Vail
- Warriors Mark
- Westport
- Winburne
- Yarnell
Neighborhoods in State College, PA
College Heights rent to own homes Holmes Foster rent to own homes Highlands rent to own homes State College South rent to own homes Greentrees rent to own homes Orchard Park rent to own homes Vallamont rent to own homes Downtown State College rent to own homes Penn State Campus rent to own homes Nittany Hills East And Penfield rent to own homesBuying a Home in State College, PA
State College, PA is seeing rapid growth and State College, PA's' housing market remains not optimal with an average home price that is 53% above the 2025 national average. State College, PA is part of Centre county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2025 for county Centre is 1.25% which is above the national average, which is 0.99%.
Median Home Price in State College, PA
Median Rent in State College, PA
8 Reasons to Live in State College, PA
Affordable housing! Because so few people own homes, buying a home in the area isn't expensive. The average cost of a home is somewhere around $236,200. If you aren't sure about living in the area long term, looking at rent to own homes is an option. South of State College, Altoona and Lewistown offer similar options.
Home to Penn State! State College is home to the famous Pennsylvania State University, which contributes to the vibrant livelihood of the community. There is always an event or some sort goings-on to keep residents entertained, including the annual homecoming parade and Late Nights, held the last Thursday of every month at the Discovery Space Children's Science Museum.
Beautiful scenery right outside of town! Just beyond the city limits of State College lies Mount Nittany, perfect for hiking and seeing the countryside of Pennsylvania like you've never seen it before. The Nittany Lion Shrine also lies within State College, at University Park. It's the second-most photographed location in the entire state.
Fresh fruits and veggies! The Downtown Farmers' Market is held every Friday during the summer and fall. This is the perfect place to get fresh fruits and veggies for your home. For another taste of commercialized nature, head to the State College Floral Shoppe, one of the oldest business in the area, first founded in 1923.
High mobility rate! New residents are always moving in and out of this town, which is probably why 79% of properties are renter occupied. This means you'll always have new neighbors, and it also means that many of the landlords in the area are more than happy to give potential residents the ability to rent to own houses. If no homes in State College catch your eye, pay a visit to the nearby towns of Philipsburg or Bellefonte.
Educational opportunities! Although attending Penn State University is an obvious route to education, there are other ways to increase your knowledge. For instance, the Schlow Centre Region Library offers a wealth of books and other learning materials to the more than 200,000 yearly visitors. The nearby Bellefonte Art Museum for Centre County also provides State College residents with a number of educational opportunities.
Perfect for the sports lover! State College is home to the State College Spikes, as well as the Penn State Men's Baseball Team, both of which can be seen at the nearby Medlar Field.
