Zip 16507 (Erie, PA) Housing

Erie, PA is located in the 16507 zip code and has a median housing value of $67,700. This is significantly lower than the US median housing value of $338,100. In addition, while the US had an appreciation rate of 8.27% last year, Erie only had an appreciation rate of 4.92%, indicating that it lags behind the national average in terms of housing value appreciation. Despite this, there are still many great opportunities for home buyers to purchase affordable homes in Erie PA in the 16507 area code.

The median home cost in Erie (zip 16507) is $67,700. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie (zip 16507) is up 15.2%.

Average Age of Homes

- The median age of Erie (zip 16507) real estate is 78 years old

The Rental Market in Erie (zip 16507)

- Renters make up 61.6% of the Erie (zip 16507) population
- 4.6% of houses and apartments in Erie (zip 16507), 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
	4,227.0	139,647,020.0
	59	42
	$67,700	$338,100
	15.2%	16.6%
	46.6%	57.0%
	55.4%	101.1%
	$21.82	$10.98
	$1,344	$2,690
	26.9%	57.4%
	14.6%	11.2%
	58.5%	31.4%
Vacant Housing
	4.6%	1.9%
	1.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	1.1%	3.6%
	7.7%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	21.2%	2.4%
	22.2%	2.8%
	21.0%	3.9%
	9.0%	4.5%
	3.3%	11.3%
	14.3%	13.0%
	3.6%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	1.1%	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%
	5.8%	13.6%
	5.8%	13.6%
	6.8%	13.6%
	2.8%	13.2%
	5.6%	14.8%
	6.8%	13.6%
	7.4%	10.0%
	9.2%	4.7%
	55.2%	12.2%

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