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 $150,094, lower than the Michigan average of $196,062.
The average cost of rent is $845/mo in Erie, primarily driven by the current value of real estate in the Erie area. While nearly 42.65% of residents own their homes outright in Erie, 11.09% rent.
Housing affordability isn’t just about home prices, though. The average household income in Erie is $5,132 per month. Households that rent pay about 16.47% of their income on rent here. Erie's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Temperance, MI: higher priced homes
- Luna Pier, MI: higher priced homes
- Samaria, MI: higher priced homes
- Harbor View, OH: higher priced homes
- Lambertville, MI: higher priced homes
- La Salle, MI: higher priced homes
- Whiteford Center, MI: higher priced homes
- Toledo, OH: equally priced homes
- Ida, MI: higher priced homes
- Oregon, OH: equally priced homes
Cities with Similar Populations
- Lodi, OH: equally priced homes
- Marianna, AR: less expensive homes
- Margate City, NJ: higher priced homes
- Margaret, AL: equally priced homes
- Marengo, OH: higher priced homes
- Marcellus, NY: higher priced homes
- Mantua, OH: higher priced homes
- Mantachie, MS: less expensive homes
- Lynchburg, TN: higher priced homes
- Loogootee, IN: higher priced homes
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