Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Erie area can be challenging. Home prices in Downtown Erie are now at a median cost of $140,839, lower than the Erie average of $167,158.
The average cost of rent is $755/mo in Downtown Erie, primarily driven by the current value of real estate in the Downtown Erie area. In Downtown Erie, 93.77% of households rent, and 63.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Erie is $2,363 per month. Households that rent pay about 31.94% of their income on rent here. Downtown Erie’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- East Erie, Erie, PA: less expensive homes
- Little Italy, Erie, PA: less expensive homes
- Bayfront, Erie, PA: less expensive homes
- Central Eastside, Erie, PA: less expensive homes
- West Side Squires, Erie, PA: less expensive homes
- Marvintown, Erie, PA: less expensive homes
- Southeast Erie, Erie, PA: less expensive homes
- South East Hills, Erie, PA: equally priced homes
- Robbins Blass, Erie, PA: less expensive homes
- Belle Valley, Erie, PA: higher priced homes
Neighborhoods with Similar Populations
- Downtown Belle Glade, Belle Glade, FL: higher priced homes
- Arnold Heights, Lincoln, NE: higher priced homes
- Bernon Heights, Woonsocket, RI: higher priced homes
- Buckingham Park, Willingboro, NJ: higher priced homes
- Clanton Park-Roseland, Charlotte, NC: higher priced homes
- Downtown Pomona, Pomona, CA: higher priced homes
- Isle of Palms, Jacksonville Beach, FL: higher priced homes
- Bellalago, Kissimmee, FL: higher priced homes
- Kabrich Crescent, Blacksburg, VA: higher priced homes
- Lakeview Terrace, Kansas City, MO: higher priced homes
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