ZIP Code · PA

ZIP 16823

Part of Bellefonte, PA

Pop. 29,126·Centre County·150th most expensive ZIP in Pennsylvania

Median rent (all units)

$1,513/mo

Year-over-Year

Stable

Month-over-Month

+17.7%

vs US Median

-$419

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 16823 · $1,513

More affordable than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,110

1 BR

$1,120

2 BR

$1,290

3 BR

$1,570

4 BR+

$1,710

Research median

$1,290/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($76,245) is $1,906 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,710).

From Zillow's monthly rent index (ZORI) for ZIP 16823. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,156/yr

At $1,513/mo median

Location

CityBellefonte

StatePA

CountyCentre County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +17.7% MoM), not inventory.

Demographics

Who lives here

ZIP 16823 (Bellefonte, PA) is majority owner-occupied, 28% of residents hold a bachelor's degree or higher.

Population

29,126

Median income

$76,245

Median age

44.1

Renters

29.5%

Age distribution

15.2%

19.6%

31%

14.4%

19.8%

Under 1815.2%

18–3419.6%

35–5431%

55–6414.4%

65+19.8%

Gender

57.3%

42.7%

Male57.3%

Female42.7%

Race & ethnicity

85.7%

White85.7%

Black7.3%

Hispanic3.3%

Asian1.3%

Other2.4%

Education (25+)

40.1%

23.3%

28%

No HS diploma8.6%

HS diploma40.1%

Some college23.3%

Bachelor's+28%

Housing tenure

70.5%

29.5%

Owner70.5%

Renter29.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 16823 in Bellefonte, PA has changed in 5 years

Income

$68,527 → $76,245

up 11.3%

Population

29,495 → 29,126

down 1.3%

Renter share

28.5% → 29.5%

+1.0 pts

Bachelor's+

28.6% → 28%

-0.6 pts

Median household income grew from $68,527 to $76,245 between 2021 and 2024, a 11.3% shift. Headcount in the area went from 29,495 to 29,126 between 2021 and 2024, a 1.3% change.

Community

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Local insights

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About renting in ZIP 16823

Last updated: August 17, 2026

ZIP code 16823 covers Bellefonte, PA. The median rent here is $1,513/mo as of August 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,290/mo.

At 24% of local median household income ($76,245/yr), ZIP 16823 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 16823?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,513/mo in ZIP 16823. The local median household income is $76,245/yr, so the typical household meets that bar.