16823 — Centre County, Pennsylvania Market Snapshot
Housing market data for zip code 16823 in Centre County, Pennsylvania. Updated monthly with median prices, days on market, and more.
Market Sales Data
90 sales in 2026 (year to date)
Median Sale Price
$374,832
Days to Sell
15
Homes Sold
90
Inventory
50
Sale-to-List
99.8%
New Listings
120
Price/SqFt
$186
Pending Sales
111
Conforming Loan Available
Most homebuyers in 16823 can comfortably use conventional financing. The median home price of $374,832 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 16823 are moving quickly at 15 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 16823 (99.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 16823 can comfortably use conventional financing. The median home price of $374,832 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 16823 are set at the county level.
2026 Loan Limits — Centre County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 16823
To purchase the median home at $374,832 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,022.
Monthly Payment
$3,022
Income Required
$129,508
Principal & Interest
$2,310/mo
Down Payment (5%)
$18,742
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 16823.
Estimated Monthly Payment
$2,470
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 16823. Tell us what you're looking for.