I don't know if you've already made your decision, but Park Forest and Boalsburg are both great places to live. Boalsburg might be more isolated (depending on where you live within Boalsburg), but it is also quaint and nice. Park Forest is filled with families with children and has several parks, an elementary school, and at least one montessori school (preschool/kindergarten). I'm from State College, so I'd say that either one would be good, but Park Forest is closer to commercial areas, so if you haven't made your decision it might be the better bet. South of town is dead.