Real Estate Investing in Erie County, Pennsylvania

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

26 ZIP codes • Population: 264,639

Should you buy in Erie County, PA? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (75/100)

Solid choice β€” values are growing steadily and the market is stable enough to buy with confidence.

πŸ“ˆ For Investors
MIXED
3.2 / 5 (55/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.2% vacancy may signal weakening demand.

What’s happening in Erie County, PA?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.2/ 5

Investability

County-wide average

4.0/ 5

Appreciation

7.2% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $226,848
Avg Monthly Rent $1,137
ZIP Codes 26

Investing in Erie County Real Estate

Across Erie County's 26 ZIPs, the picture is modest β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

The investment case for Erie County is difficult to make on screen data alone. a stretch for a 3.2 rating and cap rates that appear attractive only until real vacancy is underwritten.

Distressed-leaning demographics in Erie β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜†β˜† rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in Erie County, PA. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Erie County, PA?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$226,848
Avg Monthly Rent
$1,137
1% Rule
βœ— Below
Landlord Friendly (PA)
β˜…β˜…β˜…β˜…β˜†

πŸ“‰ Market Crash Risk Index

Based on Erie, PA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
41%
Days Pending
0/2
19 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Erie County

6 Colleges 15,142 Students 212 Off-Campus Renters
C+
Gannon University
4-Year Private Β· 4,548 students
C+
Pennsylvania State University-Penn State Erie-Behrend College
4-Year Public Β· 3,323 students
πŸ“ ~212 students rent off-campus
C+
Lake Erie College of Osteopathic Medicine
4-Year Private Β· 4,117 students
C+
Erie Institute of Technology Inc
2-Year For-Profit Β· 183 students
C
Mercyhurst University
4-Year Private Β· 2,668 students
D
Great Lakes Institute of Technology
2-Year For-Profit Β· 303 students

Cities in Erie County

ZIP Codes in Erie County, PA

16509 β˜… β˜… β˜… β˜… β˜…
Erie
Population 28,133
Avg Home $275,773
Avg Rent $1,223/mo
16510 β˜… β˜… β˜… β˜… β˜…
Erie
Population 25,152
Avg Home $211,987
Avg Rent $1,144/mo
16506 β˜… β˜… β˜… β˜… β˜…
Erie
Population 24,190
Avg Home $298,045
Avg Rent $1,729/mo
16502 β˜… β˜… β˜… β˜… β˜…
Erie
Population 15,815
Avg Home $131,719
Avg Rent $900/mo
16504 β˜… β˜… β˜… β˜… β˜…
Erie
Population 15,632
Avg Home $157,670
Avg Rent $1,241/mo
16505 β˜… β˜… β˜… β˜… β˜…
Erie
Population 15,631
Avg Home $262,802
Avg Rent $838/mo
16503 β˜… β˜… β˜… β˜… β˜…
Erie
Population 15,204
Avg Home $71,458
Avg Rent $800/mo
16508 β˜… β˜… β˜… β˜… β˜…
Erie
Population 15,156
Avg Home $171,948
Avg Rent $1,036/mo
16428 β˜… β˜… β˜… β˜… β˜…
North East
Population 12,508
Avg Home $270,768
Avg Rent $954/mo
16511 β˜… β˜… β˜… β˜… β˜…
Erie
Population 11,709
Avg Home $209,222
Avg Rent $1,206/mo
16407 β˜… β˜… β˜… β˜… β˜…
Corry
Population 10,555
Avg Home $160,884
Avg Rent $981/mo
16415 β˜… β˜… β˜… β˜… β˜…
Fairview
Population 10,251
Avg Home $384,838
Avg Rent $2,273/mo
16412 β˜… β˜… β˜… β˜… β˜…
Edinboro
Population 9,726
Avg Home $303,226
Avg Rent $1,089/mo
16441 β˜… β˜… β˜… β˜… β˜…
Waterford
Population 9,485
Avg Home $319,780
Avg Rent $1,215/mo
16507 β˜… β˜… β˜… β˜… β˜…
Erie
Population 8,653
Avg Home $107,015
Avg Rent $1,116/mo
16417 β˜… β˜… β˜… β˜… β˜…
Girard
Population 8,400
Avg Home $234,353
Avg Rent $909/mo
16438 β˜… β˜… β˜… β˜… β˜…
Union City
Population 7,489
Avg Home $168,192
Avg Rent $945/mo
16423 β˜… β˜… β˜… β˜… β˜…
Lake City
Population 3,880
Avg Home $213,571
Avg Rent $1,008/mo
16401 β˜… β˜… β˜… β˜… β˜…
Albion
Population 3,842
Avg Home $207,799
Avg Rent $909/mo
16426 β˜… β˜… β˜… β˜… β˜…
Mc Kean
Population 3,324
Avg Home $313,429
Avg Rent $1,125/mo
16442 β˜… β˜… β˜… β˜… β˜…
Wattsburg
Population 3,091
Avg Home $276,162
Avg Rent $1,386/mo
16421 β˜… β˜… β˜… β˜… β˜…
Harborcreek
Population 2,251
Avg Home $261,911
Avg Rent $1,026/mo
16410 β˜… β˜… β˜… β˜… β˜…
Cranesville
Population 1,987
Avg Home $250,824
Avg Rent $1,053/mo
16411 β˜… β˜… β˜… β˜… β˜…
East Springfield
Population 1,287
Avg Home $206,049
Avg Rent $1,233/mo
16443 β˜… β˜… β˜… β˜… β˜…
West Springfield
Population 1,170
Avg Home $226,382
Avg Rent $1,008/mo
16430 β˜… β˜… β˜… β˜… β˜…
North Springfield
Population 118
Avg Home $202,237
Avg Rent $1,224/mo

Screen every market in Erie County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

View Plans

Frequently Asked Questions About Erie County

Where do rents currently stand in, PA?

Expect rents around $1,137/mo per month in, PA. With home values at $227K, the yield math works out to reasonable levels for rental investors.

What real estate strategy is ideal for, PA?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in, PA. The numbers - $227K homes against $1,137/mo rents - support that play.

What price range are homes in, PA?

Homes in, PA typically sell near $227K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.

How do landlord-tenant laws work in, PA?

The landlord environment in, PA is tenant-protective. Statewide rules shape most day-to-day operations for rental owners.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Erie County, PA.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.