Bankruptcy Homes in Erie, PA

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View this home at E 28th St Erie PA 16504
$91,994 EMV

4 Bed | 1 Bath | 1,056 Sq. Ft.

View this home at Cranberry St Erie PA 16502
$44,390 EMV

5 Bed | 2 Bath | 2,395 Sq. Ft.

View this home at Smithson Ave Erie PA 16511
$116,240 EMV

3 Bed | 1 Bath | 1,248 Sq. Ft.

View this home at Nagle Rd Erie PA 16511
View this home at Colonial Ave Apt 11 Erie PA 16506
View this home at Fairmont Pkwy Erie PA 16510
$83,334 EMV
View this home at Parade St Erie PA 16507
$54,575 EMV

2 Bed | 1 Bath | 1,296 Sq. Ft.

View this home at Raspberry St Erie PA 16508
$119,840 EMV

5 Bed | 1.5 Bath | 1,440 Sq. Ft.

View this home at German St Erie PA 16504
$24,590 EMV

4 Bed | 2 Bath | 2,024 Sq. Ft.

View this home at Crestmont Ave Erie PA 16508
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Home Value Estimator For Erie, PA

There are currently 57,835 real estate properties in Erie, PA, with a median automated valuation model (AVM) price of $161,751.00. 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 $189,801.00, with the most expensive house in Erie, PA, topping out at $5,100,000.00 and the cheapest home in Erie, PA, clocking in at $11,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Erie, PA!

Rent Prices 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 $460.00 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.

Top Reasons To Live In Erie, PA In 2024

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 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.

Cost Of Living In Erie, PA

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.

Diversity And Demographics In Erie, Pennsylvania

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:

White 72.7%
Black / African American 16.4%
Asian 2.8%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.6%
Other 3%

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:

Under 10 13.1%
Aged 10-19 13.4%
20s 16.8%
30s 12.8%
40s 11.2%
50s 12.6%
60s 11%
70s 5.4%
80+ 3.8%

Best Schools In Erie, Pennsylvania

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.

Pros And Cons Of Living In Erie, Pennsylvania

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:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Erie.

Reasons To Move To Erie, Pennsylvania, In 2024

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.

Erie, PA Bankruptcy Homes


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