Home Price Key
Affordable
Average
Expensive
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 $142,965, lower than the Illinois average of $242,002.
The average cost of rent is $741/mo in Erie, primarily driven by the current value of real estate in the Erie area. While nearly 45.76% of residents own their homes outright in Erie, 31.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Erie is $6,257 per month. Households that rent pay about 11.84% 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.
Nearby Cities
- Fenton, IL: higher priced homes
- Spring Hill, IL: equally priced homes
- Portland, IL: equally priced homes
- Hillsdale, IL: less expensive homes
- Prophetstown, IL: equally priced homes
- Lyndon, IL: less expensive homes
- Albany, IL: equally priced homes
- Garden Plain, IL: higher priced homes
- Joslin, IL: higher priced homes
- Cordova, IL: higher priced homes
Cities with Similar Populations
- White Oak, NC: less expensive homes
- Benton, KS: higher priced homes
- Boyne Falls, MI: higher priced homes
- Charlotte Court House, VA: higher priced homes
- Clara City, MN: equally priced homes
- Clarendon, TX: less expensive homes
- Clay City, IN: less expensive homes
- Cole, OK: higher priced homes
- Elk Park, NC: equally priced homes
- Saginaw, MN: higher priced homes
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