Zip 16508 (Erie, PA) Housing

The housing market in 16508 Erie, PA has a median house value of $121,700. This is lower than the national average of $338,100. Over the past year, appreciation of homes in this area has been 4.92%, slightly lower than the national average of 8.27%. Despite the lower house prices and slower rate of appreciation when compared to other areas of the US, Erie is a great place to live and find an affordable home.

The median home cost in Erie (zip 16508) is $121,700. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie (zip 16508) is up 15.2%.

Average Age of Homes

- The median age of Erie (zip 16508) real estate is 67 years old

The Rental Market in Erie (zip 16508)

- Renters make up 29.5% of the Erie (zip 16508) population
- 1.6% of houses and apartments in Erie (zip 16508), 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
	7,378.0	139,647,020.0
	70	42
	$121,700	$338,100
	15.2%	16.6%
	46.6%	57.0%
	55.4%	101.1%
	$18.27	$10.98
	$2,696	$2,690
	59.8%	57.4%
	7.7%	11.2%
	32.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.8%	0.4%
	1.6%	0.7%
	0.9%	0.4%
	0.1%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	0.9%	2.4%
	2.6%	2.8%
	13.9%	3.9%
	31.5%	4.5%
	33.3%	11.3%
	10.3%	13.0%
	4.2%	20.1%
	1.4%	13.6%
	0.1%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.0%	13.6%
	2.0%	13.6%
	1.6%	13.6%
	3.0%	13.2%
	8.0%	14.8%
	1.6%	13.6%
	28.6%	10.0%
	12.6%	4.7%
	34.8%	12.2%

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