Park Forest Village

Population: 8,810
Median household income: $79,363
Median home value: $383,100

Park Forest Village is a community in Centre County, Pennsylvania, home to 8,810 residents. Its median household income of $79,363 runs above the Centre County figure of $72,748.

Between 2019 and 2023, Park Forest Village's population declined 14.5% from 10,299 to 8,810, while its median home value rose 32.2% from $289,800 to $383,100.

75.6% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 56.6% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 8,810
Median age: 37.1 yrs
Median household income: $79,363
Median home value: $383,100
Median gross rent: $1,317
Housing units: 4,246
Homeownership rate: 56.6%
Bachelor's degree or higher: 75.6%
Unemployment rate: 4.2%

Trends

ACS 5-year · 2019–2023

Population

10,2998,810

Median household income

$72,083$79,363

Median home value

$289,800$383,100

Median gross rent

$1,072$1,317

Year	Population	Median household income	Median home value	Median gross rent
2019	10,299	$72,083	$289,800	$1,072
2020	9,492	$64,932	$318,500	$1,072
2021	8,933	$69,953	$320,900	$1,071
2022	8,962	$70,822	$376,700	$1,208
2023	8,810	$79,363	$383,100	$1,317

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.2%

5 to 1711.1%

18 to 2416.8%

25 to 3415.2%

35 to 4416.2%

45 to 549.1%

55 to 6413.8%

65 to 747.8%

75 and over5.8%

	Count	Share
Under 5	372	4.2%
5 to 17	977	11.1%
18 to 24	1,479	16.8%
25 to 34	1,338	15.2%
35 to 44	1,431	16.2%
45 to 54	801	9.1%
55 to 64	1,219	13.8%
65 to 74	684	7.8%
75 and over	509	5.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	6,634	75.3%
Black or African American	200	2.3%
American Indian & Alaska Native	1	0.0%
Asian	1,035	11.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	20	0.2%
Two or more races	411	4.7%
Hispanic or Latino (any race)	509	5.8%

Educational attainment (age 25+)

No high school diploma1.2%

High school graduate10.5%

Some college or associate's12.7%

Bachelor's degree26.7%

Graduate or professional degree48.9%

	Count	Share
No high school diploma	69	1.2%
High school graduate	631	10.5%
Some college or associate's	759	12.7%
Bachelor's degree	1,600	26.7%
Graduate or professional degree	2,923	48.9%

Commute to work

Mean travel time to work: 15 min

Drove alone53.6%

Carpooled7.6%

Public transit6.1%

Walked2.9%

Bicycle4.4%

Worked from home25.5%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	2,313	53.6%
Carpooled	327	7.6%
Public transit	263	6.1%
Walked	125	2.9%
Bicycle	190	4.4%
Worked from home	1,099	25.5%
Other means	1	0.0%

Travel time

	Count	Share
Under 15 min	1,554	48.3%
15 to 29 min	1,422	44.2%
30 to 44 min	163	5.1%
45 to 59 min	48	1.5%
60+ min	32	1.0%

Households

Average household size: 2.29
Poverty rate: 22.5% (1,974 of 8,781)

	Count	Share
Family households	2,068	54.1%
Nonfamily households	1,754	45.9%

Housing

Median year structure built: 1982

Occupancy

	Count	Share
Occupied	3,822	90.0%
Vacant	424	10.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	2,164	56.6%
Renter-occupied	1,658	43.4%

1-unit, detached50.0%

1-unit, attached9.3%

2 to 4 units7.9%

5 to 19 units28.5%

20 or more units4.0%

Mobile home & other0.4%

Units in structure

	Count	Share
1-unit, detached	2,121	50.0%
1-unit, attached	394	9.3%
2 to 4 units	337	7.9%
5 to 19 units	1,210	28.5%
20 or more units	169	4.0%
Mobile home & other	15	0.4%

Geography

Place GEOID: 4258036
Type (LSAD): 57
Land area: 2.49 sq mi
Water area: 0 sq mi
Center point: 40.7996, -77.9084