Zip 16504 (Erie, PA) Housing

The housing in 16504 Erie, PA is much more affordable than the US median value. The median value of a home in this area is $113,300, compared to the US median value of $338,100. Although the house appreciation rate in 16504 Erie was only 4.92% over the past year, it is still significantly less than the 8.27% appreciation rate across the US during that same time period. Homeowners and potential buyers in this area are able to purchase an affordable home with a lower appreciation rate than the national average.

The median home cost in Erie (zip 16504) is $113,300. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie (zip 16504) is up 15.2%.

Average Age of Homes

- The median age of Erie (zip 16504) real estate is 63 years old

The Rental Market in Erie (zip 16504)

- Renters make up 31.4% of the Erie (zip 16504) population
- 1.8% of houses and apartments in Erie (zip 16504), 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
	7,076.0	139,647,020.0
	64	42
	$113,300	$338,100
	15.2%	16.6%
	46.6%	57.0%
	55.4%	101.1%
	$18.27	$10.98
	$2,362	$2,690
	62.3%	57.4%
	7.5%	11.2%
	30.2%	31.4%
Vacant Housing
	1.8%	1.9%
	0.3%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	1.2%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	1.5%	2.4%
	8.1%	2.8%
	27.3%	3.9%
	27.8%	4.5%
	22.0%	11.3%
	8.0%	13.0%
	2.2%	20.1%
	0.4%	13.6%
	0.0%	8.3%
	1.3%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.7%	13.6%
	0.7%	13.6%
	0.5%	13.6%
	9.5%	13.2%
	18.6%	14.8%
	0.5%	13.6%
	23.5%	10.0%
	9.5%	4.7%
	23.3%	12.2%

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