Erie
Pennsylvania · Ranked #36 of 373 metros
91Affordable
💡
Housing in Erie costs 2.95× the median income, below the national average of 4.5×. The median home price is $179K and median rent is $894/month. Erie ranks #36 of 373 metros for affordability.
Median Home Price
🏠$179K
Need $53K income
Median Rent
🔑$894
Need $36K income
Building Permits
🔨339
annual
Median Income
💰$61K
Pop: 281,129
Rent Burden
⚠️24.3%
of renters paying >30%
Homeownership
🏡69.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Erie | National |
|---|---|---|
| Price-to-Income Ratio | 2.95x | 6.1x |
| Rent Burden | 24.3% | 31.5% |
| Homeownership Rate | 69.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +72.9%Since 2000: +147.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$836/mo
1 Bedroom$945/mo
2 Bedroom$1,212/mo
3 Bedroom$1,499/mo
4 Bedroom$1,683/mo
Zillow Market Data
Home Value (ZHVI)
$211K
1yr: +5.0%5yr: +43.8%
Rent (ZORI)
$1,045/mo
1yr: +3.8%5yr: +45.1%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$193K
Active Inventory
196
Days on Market
30
Sold Above List
23.9%
Price Drops
19.9%