The story of this market
The typical home in ZIP 16504 sells for about $158,700, or $116 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,048 a month.
ZIP 16504 — Erie
The 16504 housing market remains highly affordable with a median price significantly below national averages, attracting steady interest from local buyers. While inventory is limited, the market maintains a competitive pace with homes selling near asking price. Growth is modest, driven by the broader stability of the Erie regional economy.
This ZIP is well-suited for first-time homebuyers and budget-conscious families seeking affordable entry points into the Erie housing market.
Median prices moved up 6.5% year over year.
Homes spend a median of 58 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 13.8% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 16504, Erie County PA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Erie maintains a steady economic base with regional healthcare and manufacturing, though development momentum is characterized by modest, incremental growth.
Property taxes in this ZIP are assessed at an effective rate of approximately 2.0%, which is higher than the Pennsylvania state average.
Residents typically rely on personal vehicles for commuting within the Erie metropolitan area, with access to major local thoroughfares.
The area provides access to local parks and community amenities within the city of Erie, with proximity to Lake Erie waterfront attractions.
The rental market shows steady demand with a median rent of $1,100, reflecting a stable environment for tenants and investors.
The local economy is anchored by healthcare, education, and manufacturing sectors within the broader Erie region.
Transportation is primarily highway-based, serving the Erie urban core.
Parcels are subject to local municipal and school district taxation.
Data retrieved from US Census Bureau ZCTA profiles.
- Splash Lagoon4.34.8 mi
- Waldameer & Water World4.65.6 mi
- Elevate Trampoline Park4.40.9 mi
- Round1 Bowling & Arcade - Erie4.24.1 mi
- Play Port Arcade & Family Fun Center4.64.9 mi
- Erie Insurance Arena4.62 mi
- Golden Corral Buffet & Grill4.24.7 mi
- Bayfront Convention Center4.52.9 mi
- Port Farms4.715.7 mi
- Lake Erie Speedway4.511.4 mi
- Presque Isle State Park4.84.6 mi
- Splash Lagoon4.34.8 mi
- Erie Zoo4.41.8 mi
- Presque Isle Beach4.84.6 mi
- Presque Isle Lighthouse4.75 mi
- Presque Isle State Park4.84.6 mi
- Asbury Woods4.87.3 mi
- Presque Isle: Beach 114.63.8 mi
- Frontier Park4.83.6 mi
- Presque Isle: Beach #14.85.4 mi
- Erie Yacht Club4.64.2 mi
- North East Marina4.516.5 mi
- Sun Life Marinas - Bay Harbor4.63.1 mi
- Sun Life Marinas - Perry's Landing4.63.1 mi
- Whispering Woods Golf Club4.57.6 mi
- Mound Grove Golf Course4.68.2 mi
- Scenic Heights Golf Course4.48.3 mi
- The Ridge Golf Club4.27.7 mi
- Lake Shore Country Club4.69 mi
- Millcreek Mall Complex4.34 mi
- T.J. Maxx4.44.3 mi
- Kohl's4.34.2 mi
- Ross Dress for Less4.24.3 mi
- Burlington4.14.3 mi
- Erie International Airport4.26.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides regional recreational access and scenic value.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.