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City

ZIP codes

Erie, PA · 16565

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 ↓

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: . 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

Population

110,587

Median Days on Market

Active Listings

New Listings

Housing Market

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 16565? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Erie, PA · 16565

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 ↓

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

Population

110,587

Median Days on Market

Active Listings

New Listings

Housing Market

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 16565? Put it next to another market.