3-digit ZIP regional index
Home appreciation in ZIP codes 168xxState College, PA area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 168 changed +2.2% over the year to Q2 2026, compared with +4.7% for Pennsylvania and +3.0% for the United States.
The region covers ZIP codes 16801–16882. Most of its 2010 population lived in Centre County (78%), Clearfield County (21%). Communities in the region include Park Forest Village, Clearfield, Bellefonte, Boalsburg, Pleasant Gap. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.2%
- 5-year change
- +39.6%
- Since Q1 1995
- +253%
- National rank (1 year)
- 640th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 168 vs Pennsylvania and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 168: 353.4
- Pennsylvania: 355.6
- State College, PA metro: 352.5
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 168 | PA | U.S. | Gap vs PA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.2% | +4.7% | +3.0% | −2.5 pts | −0.9 pts |
| 3 years | +13.3% | +18.1% | +12.9% | −4.8 pts | +0.4 pts |
| 5 years | +39.6% | +44.2% | +41.3% | −4.6 pts | −1.6 pts |
| 10 years | +72.5% | +86.9% | +93.3% | −14.4 pts | −20.8 pts |
| Since Q1 1995 | +253% | +256% | +292% | −2.2 pts | −38.2 pts |
If you bought in ZIP3 168 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +245% | $1,035,352 |
| Q2 2000 | +197% | $890,775 |
| Q2 2005 | +120% | $660,602 |
| Q2 2010 | +94.6% | $583,682 |
| Q2 2015 | +76.0% | $527,988 |
| Q2 2020 | +46.9% | $440,777 |
| Q2 2021 | +39.6% | $418,935 |
| Q2 2023 | +13.3% | $339,775 |
| Q2 2025 | +2.2% | $306,505 |
How ZIP3 168 ranks
Over the past year ZIP3 168 ranks 640th of 882 3-digit ZIP regions nationally and 46th of 46 in Pennsylvania. Its one-year change is −0.9 pts versus the nation and −2.5 pts versus Pennsylvania. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Pennsylvania |
|---|---|---|
| 1 year | 640th of 882 | 46th of 46 |
| 3 years | 560th of 882 | 44th of 46 |
| 5 years | 591st of 882 | 37th of 46 |
| 10 years | 704th of 882 | 42nd of 46 |
| Since Q1 1995 | 477th of 879 | 11th of 46 |
Boom, bust, and recovery in ZIP3 168
ZIP3 168's index peaked in Q4 2008, fell 2.3% to its low in Q2 2010, and regained its peak in Q4 2010, about 2 years after the top. Today it sits +90.1% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 168 | Q4 2008 | Q2 2010 | -2.3% | Q4 2010 (2 yrs) | +90.1% |
| PA | Q1 2008 | Q2 2012 | -9.4% | Q2 2017 (9.2 yrs) | +83.0% |
| Metro | Q4 2008 | Q2 2010 | -2.1% | Q4 2010 (2 yrs) | +88.9% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 168's index has changed +59.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 168 after inflation | PA after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.6% | +0.8% | -0.7% | -0.8% |
| 3 years | +9.8% | +3.1% | +7.5% | +1.9% | +2.8% |
| 5 years | +24.0% | +12.6% | +16.3% | +10.8% | +13.9% |
| 10 years | +39.1% | +24.0% | +34.4% | +22.1% | +39.0% |
| Since Q1 1995 | +121% | +59.6% | +60.6% | +59.2% | +76.8% |
Estimate appreciation for a home in ZIP3 168
Regional estimate
$517,448
- Estimated gain
- $217,448
- Index change
- +72.48%
- Start index
- 204.89
- End index
- 353.40
ZIP3 168 (State College, PA area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 166 · Altoona, PA area | PA | +8.1% | +38.0% | +205% |
| 158 · St. Marys, PA area | PA | +5.7% | +50.5% | +248% |
| 177 · Williamsport, PA area | PA | +6.8% | +37.3% | +225% |
| 157 · Indiana, PA area | PA | +5.7% | +50.5% | +248% |
| 159 · Johnstown, PA area | PA | +6.1% | +46.7% | +183% |
| 178 · Bloomsburg, PA area | PA | +5.7% | +50.5% | +248% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 353.40 |
| Q1 2026 | 346.39 |
| Q4 2025 | 338.64 |
| Q3 2025 | 344.40 |
| Q2 2025 | 345.90 |
| Q1 2025 | 335.32 |
| Q4 2024 | 330.81 |
| Q3 2024 | 321.42 |
| Q2 2024 | 331.57 |
| Q1 2024 | 311.16 |
| Q4 2023 | 313.41 |
| Q3 2023 | 302.30 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 168?
- Based on FHFA HPI® data for 3-digit ZIP region 168, the regional index changed +2.2% over the year to Q2 2026, +39.6% over five years, +72.5% over ten years, and +253% since Q1 1995.
- Is ZIP3 168 appreciating faster than Pennsylvania and the U.S.?
- Over the past year the region's index +2.2% compares with +4.7% for Pennsylvania and +3.0% for the U.S., a gap of −0.9 pts versus the nation. Over five years the gap versus the nation is −1.6 pts.
- Which ZIP codes are in 3-digit ZIP region 168?
- All ZIP codes that begin with 168. Census 2010 ZIP Code Tabulation Areas in this region run from 16801 to 16882 (53 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.