Park Forest Village, Pennsylvania Demographics & Population 2026

Population Overview

Park Forest Village is a small city located in Pennsylvania, within Centre County. The total population is 8,624. It ranks as the 123rd most populous out of 1,991 Census-designated places in Pennsylvania.

Age Demographics

The median age in Park Forest Village is 38.2 years. This is 7% lower than the state median of 40.9 years.

Economy, Income & Housing

The median household income in Park Forest Village is $79,120. This is 1% higher than the state median of $77,971. It is also 2% lower than the national median of $80,734. The poverty rate stands at 21.5%. This is 84% higher than the state poverty rate of 11.7%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 1.9%. This is 63% lower than the state rate of 5.3%. The median home value is $389,600. Housing costs are 53% higher than the state median of $254,500. The home-value-to-income ratio is 4.9x. 55.6% of occupied housing units are owner-occupied. This homeownership rate is 20% lower than the state average of 69.3%.

Race & Ethnicity

The largest racial or ethnic group in Park Forest Village is White (non-Hispanic), making up 73.7% of the population. Asian residents account for 12.7%. The Black or African American population (2.5%) is well below the state average of 10.3%. The Asian population is significantly higher than the state average (12.7% vs 3.8%).

Education

77.4% of residents aged 25 and older hold a bachelor's degree or higher. This places Park Forest Village in the top 10% of all cities in the state for educational attainment. This is 120% higher than the state rate of 35.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 99.1%. Notably, 46.6% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Park Forest Village, Pennsylvania is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Pennsylvania state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,991 Census-designated places in Pennsylvania. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.