The Park Forest Village Census Designated Place had a population of 10,025 as of July 1, 2019. Park Forest Village ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Pennsylvania. See peer rankings below.
The primary coordinate point for Park Forest Village is located at latitude 40.8067 and longitude -77.9169 in Centre County. The formal boundaries for the Park Forest Village Census Designated Place encompass a land area of 2.45 sq. miles and a water area of 0 sq. miles. Centre County is in the Eastern time zone (GMT -5). The elevation is 1,257 feet.
The Park Forest Village Census Designated Place (GNIS ID: 2389641) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
HOUSING AFFORDABILITY INDEX
|Park Forest Village, PA Housing Affordability Index is 120
State of Pennsylvania Housing Affordability Index is 131
|The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.|
|Park Forest Village, PA Wealth Index is 108
State of Pennsylvania Wealth Index is 99
|The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.|
These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Pennsylvania address.
|Population in Households||9,971|
|Population in Familes||5,990|
|Population in Group Qrtrs||54|
|Median Household Income||$61,026|
|Average Household Income||$86,066|
|Per Capita Income||$34,444|
|Total Housing Units||4,156 (100%)|
|Owner Occupied HU||2,457 (59.1%)|
|Renter Occupied HU||1,604 (38.6%)|
|Vacant Housing Units||96 ( 2.3%)|
|Median Home Value||$250,155|
|Housing Affordability Index2||120|
|Average Household Size||2.46|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.3%|
|Per Capita Income||2.28%|
The table below compares Park Forest Village to the other 1,761 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 87||95th|
|Population Density||# 238||87th|
|Diversity Index||# 184||90th|
|Median Household Income||# 563||68th|
|Per Capita Income||# 365||79th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.