ZIP Code 16803 — Park Forest Village CDP, PA Demographics & Data

ZIP code 16803 covers Park Forest Village, PA in Centre County with a population of about 23,660.

At a glance, the area shows median age of 31.1 versus a U.S. median of about 38.9.

It sits in telephone area codes 582, 814; U.S. House district PA-15; the JOHNSTOWN - ALTOONA media market.

Park Forest Village, PA sits in a university / college context (near pennsylvania state university-main campus (2.0 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 16803 is about $71,993 — about 4% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 25.3%; unemployment rate near 4.6%; 73.9% of adults with a bachelor’s degree or higher (about 40.2 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Education, Retail trade, and Healthcare; about 18.7% of workers reporting work-from-home (about 3.5 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $395,800 — about 14% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,235 (about 6% above the U.S. median rent ($1,163)), and owner-occupancy near 44.1% (about 21.3 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 16803 in Park Forest Village, PA, a household would need roughly $109,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,543. That is about 51% above the local median household income ($71,993), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Park Forest Village CDP, PA as Relatively Low (composite score 68.0), which is near the middle of the national distribution. The strongest component scores on US5 are flood (81.2) and hurricane (77.5). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Park Forest Village CDP, PA show little to no average snow and around 41.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 1,077 for ZIP 16803 (Park Forest Village CDP, PA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.