Erie, PA 16514 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Erie, PA — 16514
Median Listing Price
--
Population
--
Households
110,587
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
120K
units
Occupied
110,587
92.1%
Vacant
9,524
7.9%
2024 Tenure
111K
occupied
Owner
75,276
68.1%
Renter
35,311
31.9%
Renter Share
31.9%
+0.8% YoY
Total Housing Units
120,111
+0.1% YoY
FY2026 Fair Market Rent — Erie County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$836
/month
1 BR
$945
/month
2 BR
$1,212
/month
3 BR
$1,499
/month
4 BR
$1,683
/month
FMR Trends — Erie County
Source: HUD Fair Market Rents
County Demographics
Median Age
40.2
2024
Population
Erie County Population
267,750
-0.2% YoY
Households
Total Households
110,587
+0.4% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.31
-0.9% YoY
Age
2024 Age Mix
269K
residents
Under 18
55,689
20.7%
Adults 18–64
160,284
59.6%
65 & Over
53,079
19.7%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
55,689
-1.2% YoY
Population 65 & Over
53,079
+2.5% YoY
Median Age
40.20
+0.2% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
87.9%
Moved (within US)
11.6%
Other
0.5%
Veterans
6.9%
-5.5% YoY
County Economy
Income
Median Household Income
$63K
+3.1% YoY
Per-Capita Income
$36K
+4.5% YoY
Mean Household Income
$86K
+3.8% YoY
Poverty
Below Poverty Level
15.0%
-2.6% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
75.4%
Public transit
0.9%
Worked from home
8.9%
Other
14.8%
Worked From Home
8.9%
+8.5% YoY
Mean Commute
19.60
-1.5% YoY
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