The story of this market
The typical home in ZIP 16510 sells for about $230,000, or $145 per square foot.
Prices are up +17.95% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $859 a month.
ZIP 16510 — Erie
The 16510 housing market shows steady price appreciation and low inventory, reflecting a competitive environment for buyers. Demand remains supported by the area's affordability relative to national averages, though limited supply continues to constrain sales volume.
This ZIP is well-suited for first-time homebuyers, families seeking affordable suburban housing, and long-term investors looking for stable rental yields.
Median prices moved up 17.9% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
4% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 14.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 16510, 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.
Crime rates in the 16510 area are generally consistent with the broader Erie urban profile, with property crime being the primary concern. Regional comparisons indicate moderate levels of safety compared to the city center.
The area is served by the Erie City School District and neighboring suburban districts, with schools generally receiving average performance ratings.
The region faces standard risks for the Great Lakes area, including seasonal heavy snowfall and localized flooding in low-lying areas near Lake Erie tributaries.
Economic momentum is driven by the healthcare, manufacturing, and education sectors in Erie, with steady but modest infrastructure investment.
Property taxes are levied by the county, city, and school district, with the school district portion typically representing the largest share of the total millage rate.
Residents primarily commute by car to downtown Erie, with most trips taking 15-25 minutes via major corridors like I-90 and PA-290.
The area offers access to local community parks, proximity to Lake Erie waterfront amenities, and various shopping centers along the Peach Street corridor.
The rental market is characterized by steady demand and low vacancy rates, with modest year-over-year rent growth.
The economy is anchored by healthcare systems like UPMC Hamot, manufacturing, and the educational institutions in the Erie area.
The area is served by a network of state routes and is proximate to the Erie International Airport and major interstate highways.
Ongoing commercial redevelopment is focused on the Peach Street corridor and downtown revitalization efforts.
The Erie County Assessment Office manages property valuations, with periodic reassessments to maintain tax equity.
Parcels are subject to municipal, county, and school district taxes, with no significant MUD/PID structures common in this region.
Property insurance premiums are influenced by regional weather risks, including winter storm exposure and lake-effect snow.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Splash Lagoon4.38.1 mi
- Waldameer & Water World4.610.4 mi
- Elevate Trampoline Park4.44.1 mi
- Round1 Bowling & Arcade - Erie4.28.3 mi
- Play Port Arcade & Family Fun Center4.69.8 mi
- Erie Insurance Arena4.66.6 mi
- Golden Corral Buffet & Grill4.28.3 mi
- Bayfront Convention Center4.57.3 mi
- Port Farms4.715.6 mi
- Lake Erie Speedway4.56.6 mi
- Presque Isle State Park4.88.7 mi
- Splash Lagoon4.38.1 mi
- Erie Zoo4.46.5 mi
- Presque Isle Beach4.87.9 mi
- Presque Isle Lighthouse4.78.9 mi
- Presque Isle State Park4.88.7 mi
- Asbury Woods4.812 mi
- Presque Isle: Beach 114.67.1 mi
- Frontier Park4.88.4 mi
- Presque Isle: Beach #14.810.2 mi
- Erie Yacht Club4.69.1 mi
- North East Marina4.512.6 mi
- Sun Life Marinas - Bay Harbor4.67.8 mi
- Sun Life Marinas - Perry's Landing4.67.8 mi
- Peek'n Peak Resort4.311.8 mi
- Mound Grove Golf Course4.67.8 mi
- Whispering Woods Golf Club4.511.8 mi
- Scenic Heights Golf Course4.44 mi
- The Ridge Golf Club4.29.1 mi
- Millcreek Mall Complex4.38.3 mi
- T.J. Maxx4.48.5 mi
- Kohl's4.37.9 mi
- Ross Dress for Less4.28.5 mi
- Burlington4.17.9 mi
- Erie International Airport4.211.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional attraction located within the vicinity.
A premier recreational destination on Lake Erie serving the entire region.
The primary regional shopping destination serving the Erie area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.