Erie County
New York · Pop. 954,236
Ranked #3 of 200 counties
62Moderate
Median Home Price
🏠$220K
5.5% YoY
Median Rent
🔑$1,100
Median Income
💰$58K
Rent Burden
📊27.0%
% of income to rent
Housing Shortage
🏗️12,000
estimated unit deficit
Building Permits (2024)
📋3,500
Price-to-Income Ratio
⚖️3.8x
Homeownership Rate
🏡65.0%
How Erie County Compares
| Metric | Erie County | New York | National |
|---|---|---|---|
| Home Price | $220K | $420K | $410K |
| Rent | $1,100 | $1,561 | $1,500 |
| Income | $58K | $82K | $75K |
| Rent Burden | 27.0% | 39.5% | 30.0% |
| Homeownership | 65.0% | 54.0% | 65.0% |
Key Takeaways
- • Home prices are 46% below the national average.
- • Rent is 27% below the national average.
- • The county has an estimated housing shortage of 12,000 units.
- • 3,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 5.5%.