dynamic.RE

State

City

Compare with

City

State

City

ZIP codes

Erie, PA · 16544

Realtor Jul 2019 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $63K, +3.1% YoY (county); renters hold 31.9% of county households. See the people evidence ↓

What would change this read: the median listing price is −12.3% YoY. inventory, +0.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $125,000 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

$125K

Population

110,587

Median Days on Market

361

Active Listings

New Listings

Housing Market

The median listing price is down 12.3% YoY, at a median 361 days on market.

Pricing

Median Listing Price

$125K-12.3% YoY

Average Listing Price

$125K-12.3% YoY

Price per Sq Ft

---- YoY

Median Sq Ft

---- YoY

Inventory

Active Listings

10.0% YoY

New Listings

0-100.0% YoY

Total Listings

10.0% YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

361+4713.3% YoY

Price Reduced

0.0%0.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 120,111

120Kunits

Occupied110,58792.1%

Vacant9,5247.9%

2024 Tenure ⓘ

U.S. Census ACS · n = 110,587

111Koccupied

Owner75,27668.1%

Renter35,31131.9%

Renter Share

31.9%+0.8% YoY

Total Housing Units

120,111+0.1% YoY

FY2026 Fair Market Rent

CountyErie County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.2% to 269,052: residents under 18 are down 1.2% and those 65 and over are up 2.5%.

Median Age

40.22024

Population

Erie County Population

267,750-0.2% YoY

Households

Total Households

110,587+0.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 269,052

269Kresidents

Under 1855,68920.7%

Adults 18–64160,28459.6%

65 & Over53,07919.7%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & 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 ⓘ

U.S. Census ACS

of residents

Same house87.9%

Moved (within US)11.6%

Other0.5%

Veterans

6.9%-5.5% YoY

County Economy

County median household income is $63K, 15.0% of residents are below the poverty level, 8.9% work from home.

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 ⓘ

U.S. Census ACS

of workers

Drove alone75.4%

Public transit0.9%

Worked from home8.9%

Other14.8%

Worked From Home

8.9%+8.5% YoY

Mean Commute

19.60-1.5% YoY

Done with 16544? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Erie, PA · 16544

Realtor Jul 2019 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $63K, +3.1% YoY (county); renters hold 31.9% of county households. See the people evidence ↓

What would change this read: the median listing price is −12.3% YoY. inventory, +0.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$125K

Population

110,587

Median Days on Market

361

Active Listings

New Listings

Housing Market

The median listing price is down 12.3% YoY, at a median 361 days on market.

Pricing

Median Listing Price

$125K-12.3% YoY

Average Listing Price

$125K-12.3% YoY

Price per Sq Ft

---- YoY

Median Sq Ft

---- YoY

Inventory

Active Listings

10.0% YoY

New Listings

0-100.0% YoY

Total Listings

10.0% YoY

Buyer Competition

Pending Listings

---- YoY

Pending Ratio

---- YoY

Median Days on Market

361+4713.3% YoY

Price Reduced

0.0%0.0% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 120,111

120Kunits

Occupied110,58792.1%

Vacant9,5247.9%

2024 Tenure ⓘ

U.S. Census ACS · n = 110,587

111Koccupied

Owner75,27668.1%

Renter35,31131.9%

Renter Share

31.9%+0.8% YoY

Total Housing Units

120,111+0.1% YoY

FY2026 Fair Market Rent

CountyErie County · HUD 40th-percentile estimate, 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

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is down 0.2% to 269,052: residents under 18 are down 1.2% and those 65 and over are up 2.5%.

Median Age

40.22024

Population

Erie County Population

267,750-0.2% YoY

Households

Total Households

110,587+0.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.31-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 269,052

269Kresidents

Under 1855,68920.7%

Adults 18–64160,28459.6%

65 & Over53,07919.7%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & 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 ⓘ

U.S. Census ACS

of residents

Same house87.9%

Moved (within US)11.6%

Other0.5%

Veterans

6.9%-5.5% YoY

County Economy

County median household income is $63K, 15.0% of residents are below the poverty level, 8.9% work from home.

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 ⓘ

U.S. Census ACS

of workers

Drove alone75.4%

Public transit0.9%

Worked from home8.9%

Other14.8%

Worked From Home

8.9%+8.5% YoY

Mean Commute

19.60-1.5% YoY

Done with 16544? Put it next to another market.