Erie, PA—16501
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Erie, PA
Erie, PA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Erie, PA
As of July '25, Rentcast reports the average rent in Erie, PA is $1,050, with a year-over-year rent change of 43.4%. Per bedroom, the median rent as of July '25 in Erie, PA is studios: $1,010, 1-bedrooms: $1,000, 3-bedrooms: $1,350. The most common rental property sizes in Erie, PA are 1-bedroom and studio, accounting for 61.6% and 19.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $990 | $1,050 |
| Studio Rent | $1,060 | $1,010 |
| 1 Bed Rent | $750 | $1,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Erie, PA
Erie, PA lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Erie, PA
As of the latest ACS Survey released in 2023, Erie, PA has a population of 1,920, which has remained stable by 0.5% over the past 5 years. Erie, PA is a less popular place for families, as children make up 0.9% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,920 | 0.5% |
% Under 18 | 0.9% | -87.3% |
% Seniors | 28.6% | 28.3% |
% WFH | 8.6% | 2,050.0% |
% w/ College Degree | 23.0% | 56.5% |
As of the latest ACS Survey released in 2023, Erie, PA is a predominantly white area, with 75.3% of the population identifying as white. The white population has grown by 28.3% in the last 5 years. The second most common race or ethnicity in Erie, PA is black, making up 14.2% of the population. Foreign-born residents account for 11.8% of the population in Erie, PA, and this percentage has increased by 87.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.3% | 28.3% |
% Black | 14.2% | -48.0% |
% Hispanic | 4.4% | -25.4% |
% Asian | 4.7% | 95.8% |
% Foreign Born | 11.8% | 87.3% |
Mortgage and Risk — Erie, PA
Erie, PA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Erie, PA
Erie, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 869 |
Total Units Section 8 | 466 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 95.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $750 | $770 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | -$110 | $1,350 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Erie, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $14,600 |