ZIP Code 16601 Housing Market

📝 Local Market Notes

The housing market in ZIP code 16601, located in Blair County, Pennsylvania, exhibits a distinct upward trajectory over the past five years. The Federal Housing Finance Agency’s House Price Index (HPI) indicates a significant appreciation from 160.86 in 2021 to 208.68 in 2025. Although a temporary dip occurred in 2024, the 2025 data reflects a robust recovery, resulting in a year-over-year increase of 12.95%. This growth pattern suggests that the local market has experienced sustained demand, outpacing the broader regional trends observed in the county and state. ZIP 16601’s performance diverges notably from the wider economic indicators. While the county recorded a 7.69% year-over-year increase and the state of Pennsylvania saw a 3.89% rise, the 12.95% growth in 16601 signals a localized strength. This divergence implies that specific factors within this sub-market are driving higher price appreciation compared to the general county average. The HPI level of 208.7, which is more than double the 2000 baseline, further underscores the long-term value accumulation in this specific area, distinguishing it from slower-moving segments of the regional housing landscape. Characterized by a median home value of $161,100 for the parent county, ZIP 16601 represents an affordable entry-level to mid-range sub-market. With a 72.4% owner-occupancy rate and a median household income of $62,382, the area appeals to buyers seeking value over luxury. The median gross rent of $885 per month remains competitive relative to national averages. For prospective buyers, the combination of a 7.40% mortgage rate and strong local appreciation suggests that while entry costs are moderate, the rapid price growth in 16601 requires careful financial planning. The data indicates a resilient market where local dynamics are currently overriding broader state-level stagnation, making it a focal point for investment and residency within Blair County.

Based on FHFA House Price Index data.