Erie Metro Area, PA Housing

The housing market in the Erie, PA Metro Area is strong and thriving. The median value of homes in the area is $171,200 while the national median value of homes is $338,100. This makes it an affordable option for many home buyers. Additionally, house values have appreciated by 8.00% in the last year, which closely mirrors the national average appreciation rate of 8.27%. This suggests a healthy and stable housing market that will continue to increase in value at a steady pace.

The median home cost in Erie Metro Area is $171,200. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie Metro Area is up 14.6%.

Average Age of Homes

- The median age of Erie Metro Area real estate is 56 years old

The Rental Market in Erie Metro Area

- Renters make up 30.7% of the Erie Metro Area population
- 2.5% of houses and apartments in Erie Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Erie, Pennsylvania	United States
	119,941.0	139,647,020.0
	59	42
	$171,200	$338,100
	14.6%	16.6%
	46.0%	57.0%
	55.4%	101.1%
	$18.27	$10.98
	$2,633	$2,690
	61.1%	57.4%
	9.2%	11.2%
	29.6%	31.4%
Vacant Housing
	2.5%	1.9%
	0.4%	0.4%
	0.9%	0.7%
	0.4%	0.4%
	1.6%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	3.8%	2.6%
	3.1%	2.4%
	4.8%	2.8%
	8.4%	3.9%
	10.1%	4.5%
	22.3%	11.3%
	19.8%	13.0%
	16.9%	20.1%
	6.2%	13.6%
	2.1%	8.3%
	1.4%	9.7%
	0.7%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.9%	13.6%
	6.9%	13.6%
	8.9%	13.6%
	8.8%	13.2%
	14.7%	14.8%
	8.9%	13.6%
	14.4%	10.0%
	7.2%	4.7%
	26.3%	12.2%

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