The housing median value in 16506 Erie, PA is quite a bit lower than the US national median of $338,100. This is likely due to the smaller size of city and the lower cost of living compared to other larger cities throughout the nation. Despite this, however, we can still see an increase in house appreciation over the last year within 16506 Erie, PA with a 4.92% increase indicated by this data. With an affordable housing market and increasing values on properties, 16506 Erie, PA is a great place to purchase a home for those interested in taking advantage of these conditions.
The median home cost in Erie (zip 16506) is $222,200. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie (zip 16506) is up 15.2%.
Average Age of Homes
- The median age of Erie (zip 16506) real estate is 39 years old
The Rental Market in Erie (zip 16506)
- Renters make up 26.7% of the Erie (zip 16506) population
- 1.5% of houses and apartments in Erie (zip 16506), 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.