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State College vs Sunbury for Rental Property Investing

Side-by-side comparison of State College, PA and Sunbury, PA — cap rates, rent, prices, and investment metrics.

Sunbury wins 3–0 across key metrics
Sunbury leads on cash flow (4.11% vs 3.16% cap rate) · State College leads on population growth
Metric
State College, PA
Sunbury, PA
Est. Cap Rate
3.16%
4.11%
Median Home Price
$340,000
$165,000
Median Monthly Rent
$1,610
$920
1% Rule
0.47%
0.56%
GRM
17.6x
14.9x
Price / Income
7.1x
3.5x
Property Tax Rate
1.38%
1.38%
Vacancy Rate
6%
6%
Population Growth
0.2% / yr
0.2% / yr
Annual Appreciation
2.3%
2.3%
Population
50,000
50,000
Median Income
$47,800
$47,800

State College vs Sunbury: Which Is Better for Investors?

Cash flow: Sunbury has the edge with an estimated cap rate of 4.11% compared to State College's 3.16%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $340,000 in State College vs $165,000 in Sunbury, while rents come in at $1,610/mo and $920/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.

Growth & appreciation: State College is growing faster at 0.2% annually vs Sunbury's 0.2%. State College leads on home value appreciation at 2.3% per year.

Costs & risk: Property taxes are 1.38% in State College vs 1.38% in Sunbury. Vacancy rates of 6% and 6% are mixed — Sunbury has the tighter rental market.

Entry point: Sunbury offers a lower entry at $165K vs State College's $340K — a difference of $175K. With a 20% down payment, that's $33K vs $68K. Sunbury combines the lower price with a higher cap rate — a compelling combination.

Bottom line: Sunbury edges out State College on most key metrics. While cap rates are moderate at 4.11%, Sunbury's overall profile is stronger. Use our free calculators to model specific deals in State College or Sunbury.

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State College, PA
3.16% cap rate · $340,000 median · $1,610/mo
Full analysis →
Sunbury, PA
4.11% cap rate · $165,000 median · $920/mo
Full analysis →

Frequently Asked Questions

Is State College or Sunbury better for rental investing?
Sunbury wins 3–0 across our 7 key metrics. Sunbury's 4.11% cap rate and $165K median price give it the edge overall.
What is the cap rate difference between State College and Sunbury?
State College has a 3.16% cap rate vs Sunbury's 4.11% — a difference of 0.95 percentage points. This is a relatively small difference — other factors like growth, taxes, and local market conditions may matter more. For context, the national average is 3.81%.
Which city has lower property taxes?
Sunbury has lower property taxes at 1.38% vs 1.38%. On a $253K property, that's a difference of approximately $2,415/year in tax expense — money that goes directly to (or from) your cash flow.
Which city is growing faster?
State College is growing at 0.2% annually vs Sunbury's 0.2%. Both cities have slow growth — focus on the strongest neighborhoods. State College's appreciation rate of 2.3% also leads on home value growth.

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