Erie, PA Metro Area - Investment Guide
Metro Area • 16 Cities • 26 ZIP Codes
Avg Home Value
$226,848
Avg Monthly Rent
$1,137
Avg Cap Rate
4.25%
Avg Investability
3.2 ★
Cities
16
ZIP Codes
26
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
7.28%
as of Oct 1
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Erie, PA Metro Area
Even conditions for buyers and sellers
25 days
Average time to sell
Fast
11.6%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of September 19, 2026 — updated weekly
Best ZIP codes in Erie, PA
Every ZIP in the metro, ranked four ways. Free.
Cities in Erie, PA
Albion
Pennsylvania
2 ZIPs
Corry
Pennsylvania
1 ZIPs
Cranesville
Pennsylvania
1 ZIPs
East Springfield
Pennsylvania
1 ZIPs
Edinboro
Pennsylvania
2 ZIPs
Fairview
Pennsylvania
1 ZIPs
Girard
Pennsylvania
1 ZIPs
Harborcreek
Pennsylvania
1 ZIPs
Lake City
Pennsylvania
1 ZIPs
Mc Kean
Pennsylvania
1 ZIPs
North East
Pennsylvania
1 ZIPs
North Springfield
Pennsylvania
1 ZIPs
Union City
Pennsylvania
1 ZIPs
Waterford
Pennsylvania
1 ZIPs
Wattsburg
Pennsylvania
1 ZIPs
West Springfield
Pennsylvania
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 16507 | Erie | PA | $96,066 | $1,140 | 9.25% | |
| 16503 | Erie | PA | $69,914 | $800 | 8.93% | |
| 16503 | Erie | PA | $71,458 | $800 | 8.73% | |
| 16503 | Erie | PA | $67,744 | $804 | 9.26% | |
| 16507 | Erie | PA | $107,015 | $1,116 | 8.13% | |
| 16507 | Erie | PA | $100,862 | $1,117 | 8.64% | |
| 16503 | Erie | PA | $72,235 | $825 | 8.91% | |
| 16503 | Erie | PA | $62,671 | $804 | 10.01% | |
| 16507 | Erie | PA | $96,066 | $1,140 | 9.25% | |
| 16503 | Erie | PA | $73,906 | $800 | 8.44% | |
| 16503 | Erie | PA | $62,671 | $804 | 10.01% | |
| 16508 | Erie | PA | $160,753 | $1,008 | 4.89% | |
| 16507 | Erie | PA | $105,529 | $1,053 | 7.78% | |
| 16504 | Erie | PA | $157,670 | $1,241 | 6.14% | |
| 16504 | Erie | PA | $159,952 | $1,275 | 6.22% | |
| 16502 | Erie | PA | $121,180 | $948 | 6.10% | |
| 16507 | Erie | PA | $109,154 | $1,028 | 7.34% | |
| 16504 | Erie | PA | $147,019 | $1,108 | 5.88% | |
| 16508 | Erie | PA | $160,753 | $1,008 | 4.89% | |
| 16502 | Erie | PA | $121,180 | $948 | 6.10% | |
| 16507 | Erie | PA | $109,905 | $1,084 | 7.69% | |
| 16504 | Erie | PA | $147,019 | $1,108 | 5.88% | |
| 16509 | Erie | PA | $271,710 | $1,171 | 3.36% | |
| 16401 | Albion | PA | $211,043 | $909 | 3.36% | |
| 16442 | Wattsburg | PA | $264,047 | $1,386 | 4.09% | |
| 16415 | Fairview | PA | $362,486 | $1,449 | 3.12% | |
| 16505 | Erie | PA | $245,847 | $1,017 | 3.23% | |
| 16426 | Mc Kean | PA | $313,429 | $1,125 | 2.80% | |
| 16428 | North East | PA | $270,768 | $954 | 2.75% | |
| 16510 | Erie | PA | $208,812 | $1,079 | 4.03% | |
| 16407 | Corry | PA | $161,203 | $981 | 4.75% | |
| 16443 | West Springfield | PA | $220,532 | $1,008 | 3.57% | |
| 16417 | Girard | PA | $218,362 | $909 | 3.25% | |
| 16506 | Erie | PA | $279,802 | $1,386 | 3.86% | |
| 16421 | Harborcreek | PA | $240,947 | $1,026 | 3.32% | |
| 16430 | North Springfield | PA | $202,237 | $1,224 | 4.72% | |
| 16511 | Erie | PA | $207,567 | $1,206 | 4.53% | |
| 16410 | Cranesville | PA | $248,731 | $1,053 | 3.30% | |
| 16502 | Erie | PA | $128,191 | $975 | 5.93% | |
| 16411 | East Springfield | PA | $209,207 | $1,233 | 4.60% | |
| 16423 | Lake City | PA | $199,297 | $1,008 | 3.95% | |
| 16438 | Union City | PA | $168,192 | $945 | 4.38% | |
| 16401 | Albion | PA | $188,417 | $909 | 3.76% | |
| 16441 | Waterford | PA | $319,780 | $1,215 | 2.96% | |
| 16412 | Edinboro | PA | $304,325 | $1,089 | 2.79% | |
| 16504 | Erie | PA | $152,314 | $1,108 | 5.68% | |
| 16426 | Mc Kean | PA | $289,917 | $1,125 | 3.03% | |
| 16509 | Erie | PA | $257,708 | $1,328 | 4.02% | |
| 16428 | North East | PA | $251,470 | $954 | 2.96% | |
| 16510 | Erie | PA | $197,886 | $1,098 | 4.33% |
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About Erie, PA Real Estate Market
The Erie, PA metropolitan statistical area (MSA) encompasses 16 cities and 26 ZIP codes. The average home value across the metro is $226,848, with an average monthly rent of $1,137. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.