Market Overview
Home Prices in Milesburg, PA
The median home value in Milesburg, PA is $218,776 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milesburg are priced47% below average. Milesburg is part of the State College, PA metro area.
Over the past five years, Milesburg home values have risen by approximately25.9%, reflecting strong long-term appreciation in this market.
Price History
Milesburg Home Price Trend
City Comparison
Milesburg vs. National Median
At $218,776, homes in Milesburg cost 47% below the national median of $410,000. This makes Milesburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milesburg?
20% Down Payment
$43,755
on $218,776
Monthly P&I
$1,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,449/mo
incl. taxes & insurance
Income Needed
$57,960
gross annual (30% rule)
10% Down Option
$21,878
+ PMI applies
Loan Amount (20% dn)
$175,021
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Milesburg, PA?
The median home value in Milesburg is $218,776 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Milesburg?
Over the past year, home values in Milesburg have increased by 3.1%. Over five years, prices have risen approximately 25.9%.
How much do I need to earn to buy a home in Milesburg?
To comfortably afford the median home price of $218,776 with a 20% down payment ($43,755) at today's rates (6.8%), you'd need a gross annual income of approximately $57,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Milesburg compare to the national average home price?
The national median home value is approximately $410,000. At $218,776, homes in Milesburg are 47% below the national average.
What metro area is Milesburg part of?
Milesburg is part of the State College, PA metropolitan area. Home prices and market conditions can vary across the broader metro region.