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market report · 16505
Erie, PA · 16505
28 active listings$330,000 median ask$1,993 est. rent0.6% price/rent
$330,000
Median list price
$1,993/mo
Estimated rent
0.6%
Price / rent ratio
28
Listings
FHFA home price index · 2016–2025
77.2% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.19
Median rent / sqft
28 comps
$193.04
Median sold / sqft
28 comps
—
Walkability
4.0%
Area unemployment
BLS LAUS
Median household income $72,938 · median home value $211,700 · ACS 2024.
Natural-hazard risk Relatively Low (FEMA NRI score 53).
2 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
3248 W 12th St, Erie, PA 16505
Erie, PA
$90,000$2,612/mo2.9%
903 Douglas Dr, Erie, PA 16505
Erie, PA
$50,000$1,049/mo2.1%
503 Montpelier Ave, Erie, PA 16505
Erie, PA
$174,999$1,774/mo1%
927 Chelsea Ave, Erie, PA 16505
Erie, PA
$250,000$1,963/mo0.8%
5515 Edward St, Mill Creek, PA 16505
Mill Creek, PA
$258,000$2,024/mo0.8%
1323 Grant Ave, Erie, PA 16505
Erie, PA
$249,900$1,942/mo0.8%