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ZIP Code · PA

ZIP 16823

Pop. 29,126·Centre County·216th most expensive ZIP in Pennsylvania
Median rent (all units)
$1,285/mo
Year-over-Year
Stable
Month-over-Month
-8.7%
vs US Median
-$680
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 16823 · $1,285
More affordable than 88% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$15,420/yr
At $1,285/mo median
Location
StatePA
CountyCentre County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -8.7% 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: July 20, 2026

ZIP code 16823 covers Bellefonte, PA. The median rent here is $1,285/mo as of July 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,290/mo.

At 20% 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 is rent in ZIP code 16823?

As of July 20, 2026, the median monthly rent in ZIP 16823 (Bellefonte, PA) is $1,285. This is based on aggregated data from public sources and community submissions.

How does ZIP 16823 rent compare to the US average?

ZIP 16823's median rent of $1,285/mo is $680 (35%) below the US national median of $1,965/mo.

How does ZIP 16823 compare to other ZIPs in Pennsylvania?

ZIP 16823 is among the more affordable ZIP codes in Pennsylvania, ranking #216 out of 270 ZIPs at $1,285/mo.

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 $51,000/year (~$25/hour full-time) to afford the median rent of $1,285/mo in ZIP 16823. The local median household income is $76,245/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 16823?

Rent in ZIP 16823 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 16823 an affordable place to rent?

ZIP 16823 is considered very affordable for renters. At $1,285/mo, rent takes approximately 20% of the local median household income ($76,245/yr). The standard benchmark is 30%. ZIP 16823 falls comfortably within that range.

What percentage of ZIP 16823 residents rent vs. own?

According to Census data, approximately 29.5% of ZIP 16823 households are renters, while 70.5% are owner-occupied. ZIP 16823 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 16823 compare to the rest of Bellefonte?

ZIP 16823 is more affordable than Bellefonte overall. At $1,285/mo, it's $58 below the Bellefonte citywide median of $1,343/mo.

When was rent data for ZIP 16823 last updated?

Rent data for ZIP 16823 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,285/mo, rent takes ~20% of ZIP 16823's median household income ($76,245/yr). The standard benchmark is 30%.

ZIP 16823 20%Benchmark 30%
State income tax3.07%
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Schools nearby

Public schools near ZIP 16823 (Bellefonte, PA)

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