There are currently 57,672 real estate properties in Erie, PA, with a median automated valuation model (AVM) price of $130,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Erie, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Erie, PA, is $150,611.00, with the most expensive house in Erie, PA, topping out at $60,498,900.00 and the cheapest home in Erie, PA, clocking in at $19,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Erie, PA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erie, PA, is on a rollercoaster ride. The average rent price in Erie, PA, is $1,183.00. Indeed, when looking to rent in Erie, PA, you can expect to pay as little as $430.00 or as much as $3,200.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Erie, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Erie, PA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Erie, PA and much more. Save thousands at closing with home foreclosure listings in Erie, PA — up to 75% off market value!
Erie is located in Erie, Pennsylvania, with an estimated municipal population of 95,508 residents. All of the best foreclosed homes for sale in Erie are located in the following zip code areas on Foreclosure.com: 16546 16510 16511 16508 16502 16507 16504 16503 16501 16512 16514 16522 16530 16534 16538 16541 16544 16550 16553. The estimated population per square kilometer (.62 miles) in Erie is 1,926.
So, about how much do homes cost in Erie? The most recent median value of resident-owned homes in Erie is 89,113. An estimated 50.9 percent of households in Erie own their homes, with an average family size of 3.04. The median household income in Erie is 37,894, with10.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Erie, the median commute time of resident workers (in minutes) is 17.9. And last, but certainly not least, are you looking for homes to rent in Erie? If so, the average rent price paid by renters in Erie is 710, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Erie, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Erie is 34.9, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Erie is 34, with an average family size of 3.04.
The percentage of residents who report their race in Erie is as follows:
|Black / African American||16.4%|
|American Indian / Alaskan Native||0.4%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Erie? Or maybe you are searching for 55+ active adult communities in and/or near Erie?
The percentage of residents who report their age in Erie is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Erie with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Erie.
How do you know that living in -- or moving to -- Erie is right where you need to be? Perhaps you grew up in Erie or already live nearby; therefore, the decision to buy a home in Erie is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Erie for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Erie:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Erie.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Erie can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Erie, meanwhile, can field multiple offers from more qualified buyers.