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These days, finding an affordable place to live in the Erie area can be challenging. Home prices in Erie are now at a median cost of $748,035, higher than the Colorado average of $579,698.
The average cost of rent is $2,743/mo in Erie, primarily driven by the current value of real estate in the Erie area. In Erie, 13.19% of households rent, and 21.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Erie is $14,891 per month. Households that rent pay about 18.42% of their income on rent here. Erie’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lafayette, CO: equally priced homes
- Dacono, CO: less expensive homes
- Louisville, CO: higher priced homes
- Frederick, CO: less expensive homes
- Broomfield, CO: less expensive homes
- Gunbarrel, CO: equally priced homes
- Niwot, CO: higher priced homes
- Superior, CO: higher priced homes
- Todd Creek, CO: higher priced homes
- Firestone, CO: less expensive homes
Cities with Similar Populations
- Union City, GA: less expensive homes
- Cottonwood Heights, UT: equally priced homes
- Crowley, TX: less expensive homes
- Dakota Ridge, CO: less expensive homes
- West Odessa, TX: less expensive homes
- West Falls Church, VA: equally priced homes
- West Chicago, IL: less expensive homes
- Waycross, GA: less expensive homes
- Watertown, NY: less expensive homes
- Wadsworth, OH: less expensive homes
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