Market of the Month: State College, PA

November 2025

Home to Penn State and a year-round flow of students, faculty, and visiting professionals, State College blends academic energy with steady housing churn that naturally supports storage demand. The market is notably undersupplied at just under 5 sf/capita, and the three projects in the pipeline will do little to change that figure, keeping conditions tight.

To better understand its potential as a self-storage investment, we used StorTrack’s Explorer platform to dig into key market metrics.

Market Snapshot for State College, PA

StorTrack data within a 5-mile radius from city center.

Over the past 12 months, average rates have climbed more than 9%—with non-climate controlled units currently averaging $2.22 per square foot, outpacing climate-controlled units at $1.87. Strong student turnover, limited new supply, and steady in-migration continue to support premium pricing and rapid unit absorption, making State College one of Pennsylvania’s more stable and balanced self-storage markets.

Key Market Metrics

  • Sq Ft per Capita: 4.72
  • REIT Presence: 1 of 8 stores are REIT-operated
  • Population: 87,427
  • Rental Households: 52%

 

Average Storage Rates in State College, PA

Data reflects average self-storage rates across all unit types, excluding parking, over the past 12 months.

📍 Analyze State College—and Beyond

Want deeper insights on State College or other markets? Explore facility counts, rate trends, demographic shifts, new development activity and more with StorTrack’s Explorer platform.

🔍 Check Out Explorer for Market Analysis