Erie County, Pennsylvania Housing Market Prices
Erie County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 11% below the Pennsylvania median$135,236
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Median rent 25% below the Pennsylvania median$904
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Erie County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,236 | $152,469 | $248,835 |
| Price Trend (Annual %) | 5.5% | 3.7% | 7.5% |
| Median Gross Rent | $904 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.3% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Erie County is about 11% lower than in Pennsylvania. Rent is about 25% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Erie County, up about 5.5% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Erie County rose about 31.4% between 2015 and 2024, from $688 to $904. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Erie County.
Buying the median-priced home in Erie County costs roughly 12.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Erie County. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Erie County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,236 | $152,469 | $248,835 |
| Median Household Income | $63,801 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Erie County rose about 47.5%, while median household income rose about 39.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Erie County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 63.0% | 58.5% |
| Rental Rate | 29.4% | 27.9% | 31.2% |
| Vacancy Rate | 7.9% | 9.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Erie County has a homeownership rate of 62.7%, about the same as the Pennsylvania average of 63.0%. Its housing vacancy rate is 7.9%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Erie County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1965 | 1966 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Erie County was built around 1965. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Erie County, PA Housing Compared With Nearby Counties
Erie County, PA is the largest of the 6 counties compared here, 269,043 residents against a local median of 97,227. The measure that sets Erie County, PA apart most is median home price: $135,236, 30% above the local median of $104,214.
The counties themselves spread $77,388 on median home price, so Erie County, PA sits at one end of an already wide local range rather than apart from it. Erie County, PA has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Erie County, PA | 269,043 | $135,236 #1/6 | $904 #1/6 | 68.1% #6/6 |
| Crawford County, PA | 82,709 | $82,903 | $802 | 74.7% |
| Ashtabula County, OH | 97,227 | $104,214 | $828 | 75.7% |
| Chautauqua County, NY | 125,543 | $122,905 | $812 | 68.9% |
| Venango County, PA | 49,798 | $54,195 | $794 | 75.3% |
| Mercer County, PA | 109,257 | $131,583 | $843 | 72.4% |
Frequently Asked Questions
Common questions about the housing market in Erie County, Pennsylvania.
What is the median home price in Erie County, Pennsylvania?
The median home price in Erie County, Pennsylvania is $135,236, lower than the Pennsylvania average of $152,469.
What is the average home price in Erie County, Pennsylvania?
The typical home price in Erie County, Pennsylvania, reported as the median sale price, is $135,236. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Erie County, Pennsylvania?
The median gross rent in Erie County, Pennsylvania is $904 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Erie County in 2020?
In 2020, the median gross rent in Erie County, Pennsylvania was $758 per month.
What is the price-to-rent ratio in Erie County, Pennsylvania?
The price-to-rent ratio in Erie County, Pennsylvania is about 12.5, meaning it would take roughly 12.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Erie County.
Are home prices or rent rising faster in Erie County, Pennsylvania?
Both home prices and rent are rising in Erie County, up about 5.5% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Erie County, Pennsylvania?
62.7% of households in Erie County, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Erie County, Pennsylvania?
The housing vacancy rate in Erie County, Pennsylvania is 7.9%, lower than the Pennsylvania average of 9.1%.
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