The housing in 16509 Erie, PA is significantly lower than the median value of US homes. The US median home value is $338,100 while the median home value in 16509 Erie, PA is only $201,500. Despite this, houses in 16509 Erie, PA still showed some appreciation over the past year with a rate of 4.92%, which was slightly below the national average of 8.27%. This indicates that while housing in 16509 Erie, PA may not be as expensive as other areas of the country, it can still hold its value and continue to appreciate over time.
The median home cost in Erie (zip 16509) is $201,500. Home appreciation the last 10 years has been 55.4%. Home Appreciation in Erie (zip 16509) is up 15.2%.
Average Age of Homes
- The median age of Erie (zip 16509) real estate is 44 years old
The Rental Market in Erie (zip 16509)
- Renters make up 27.2% of the Erie (zip 16509) population
- 3.2% of houses and apartments in Erie (zip 16509), 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.