Zip 16502 (Erie, PA) Housing

Erie, PA has a median housing value of $89,300, significantly lower than the national median of $338,100. In the past year, the appreciation rate of homes in Erie was 4.92%, much lower than the national average of 8.27%. Despite the lower home values and appreciation rates in Erie compared to the nation as a whole, it remains a popular location for real estate buyers due to its numerous amenities and attractions.

The median home cost in Erie (zip 16502) is $89,300. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie (zip 16502) is up 15.2%.

Average Age of Homes

- The median age of Erie (zip 16502) real estate is 78 years old

The Rental Market in Erie (zip 16502)

- Renters make up 57.0% of the Erie (zip 16502) population
- 6.7% of houses and apartments in Erie (zip 16502), 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
	7,825.0	139,647,020.0
	59	42
	$89,300	$338,100
	15.2%	16.6%
	46.6%	57.0%
	55.4%	101.1%
	$18.27	$10.98
	$1,905	$2,690
	31.1%	57.4%
	13.5%	11.2%
	55.5%	31.4%
Vacant Housing
	6.7%	1.9%
	1.2%	0.4%
	0.3%	0.7%
	0.8%	0.4%
	0.2%	3.6%
	4.4%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	5.5%	2.4%
	19.2%	2.8%
	33.8%	3.9%
	21.1%	4.5%
	13.9%	11.3%
	2.9%	13.0%
	2.0%	20.1%
	0.4%	13.6%
	0.0%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.3%	13.6%
	0.3%	13.6%
	2.4%	13.6%
	5.4%	13.2%
	9.6%	14.8%
	2.4%	13.6%
	10.2%	10.0%
	8.3%	4.7%
	55.8%	12.2%

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