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 $138,406, lower than the Pennsylvania average of $222,630.
The average cost of rent is $926/mo in Erie, primarily driven by the current value of real estate in the Erie area. While nearly 47.92% of residents own their homes outright in Erie, 37.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Erie is $4,834 per month. Households that rent pay about 19.15% of their income on rent here. Erie's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Kearsarge, PA: higher priced homes
- Wesleyville, PA: less expensive homes
- Northwest Harborcreek, PA: higher priced homes
- Five Points, PA: higher priced homes
- Hammett, PA: higher priced homes
- McKean, PA: higher priced homes
- Harborcreek, PA: higher priced homes
- Fairview, PA: higher priced homes
- Sterrettania, PA: higher priced homes
- Phillipsville, PA: higher priced homes
Cities with Similar Populations
- Eugene, OR: higher priced homes
- Fayetteville, AR: higher priced homes
- Fairfield, CA: higher priced homes
- Fall River, MA: higher priced homes
- Evansville, IN: equally priced homes
- Euless, TX: higher priced homes
- Edinburg, TX: equally priced homes
- Fayetteville, NC: equally priced homes
- Edison, NJ: higher priced homes
- Fairfax, VA: higher priced homes
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