House Prices

House Prices & Home Values Erie, PA 2026


Average Data

average house price$131,820
average size per house1605 ft²
average price per ft²83 $ / ft²

01/24/2026 - The value range (VR) for house prices in Erie, PA is $83/ sqft to $99/ sqft. An average home with 1605 sqft costs approximately $133,215 to $158,895. Erie, PA includes 13 ZIP codes and it is located in Erie county. The lowest prices are found in ZIP 16510, while the highest are in ZIP 16563. The average price per sqare feet is $83. Our analysis is based on 61 property listings.

Avergage prices by ZIP codes Erie

16501104 $ / ft²
1650289 $ / ft²
1650382 $ / ft²
1650486 $ / ft²
1650595 $ / ft²
1650686 $ / ft²
1650790 $ / ft²
1650899 $ / ft²
1650977 $ / ft²
1651090 $ / ft²
1651197 $ / ft²
1654682 $ / ft²
1656396 $ / ft²




Historical development of home values in Erie

Year Estimated value (USD) Change vs. 2025
2010 $61,220 -53.6%
2011 $58,852 -55.4%
2012 $58,694 -55.5%
2013 $60,888 -53.8%
2014 $63,915 -51.5%
2015 $67,196 -49.0%
2016 $70,702 -46.4%
2017 $74,518 -43.5%
2018 $78,638 -40.3%
2019 $82,284 -37.6%
2020 $86,538 -34.4%
2021 $98,428 -25.3%
2022 $114,745 -13.0%
2023 $121,004 -8.2%
2024 $128,004 -2.9%
2025 $131,820 0.0%

Graph: estimated home values in Erie over time (USD)



Example: 100% financing house in Erie

Loan amount: $131,820

Interest rate: 6.00%

Fixed monthly payment: $790.33

Breakdown in the 1st month:
Interest portion: $659.10  –  Principal portion: $131.23

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,865.16 $1,618.77 $130,201.23
2 $7,765.32 $1,718.61 $128,482.63
3 $7,659.32 $1,824.61 $126,658.02
4 $7,546.79 $1,937.14 $124,720.88
5 $7,427.31 $2,056.62 $122,664.25
6 $7,300.46 $2,183.47 $120,480.78
7 $7,165.79 $2,318.14 $118,162.64
8 $7,022.81 $2,461.12 $115,701.52
9 $6,871.01 $2,612.92 $113,088.60
10 $6,709.85 $2,774.08 $110,314.52
11 $6,538.75 $2,945.18 $107,369.35
12 $6,357.10 $3,126.83 $104,242.52
13 $6,164.25 $3,319.68 $100,922.84
14 $5,959.50 $3,524.43 $97,398.40
15 $5,742.12 $3,741.81 $93,656.59
16 $5,511.33 $3,972.60 $89,683.99
17 $5,266.31 $4,217.62 $85,466.36
18 $5,006.17 $4,477.76 $80,988.61
19 $4,730.00 $4,753.93 $76,234.67
20 $4,436.78 $5,047.15 $71,187.53
21 $4,125.49 $5,358.44 $65,829.08
22 $3,794.99 $5,688.94 $60,140.14
23 $3,444.11 $6,039.82 $54,100.32
24 $3,071.59 $6,412.34 $47,687.98
25 $2,676.09 $6,807.84 $40,880.13
26 $2,256.19 $7,227.74 $33,652.40
27 $1,810.40 $7,673.53 $25,978.87
28 $1,337.12 $8,146.81 $17,832.05
29 $834.64 $8,649.29 $9,182.76
30 $301.17 $9,182.76 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Erie, PA


1500 sqft3900 sqft
Ø selling price$150,645$320,463
Ø fast selling$136,950$288,417
Ø high price sale$164,340$352,510

In 2026, houses in Erie, PA will be offered at an average price of $83 per square foot. A 1,500 sqft home priced at $150,645 is 24.33% more expensive per square foot than a 3,900 sqft home priced at $320,463. Home prices in Erie, PA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $221,860. Sellers who can wait longer may achieve a higher price of up to $271,162.


Discover Erie, PA

Overview

Erie, Pennsylvania is a waterfront city on the shores of Lake Erie known for Presque Isle State Park and unforgettable sunset views.

Top Attractions & Things to Do

Top things to do in Erie, PA include swimming, biking, and birding at Presque Isle, while downtown Erie offers the Erie Art Museum, the historic Warner Theatre, and local breweries.
Family-friendly fun includes Splash Lagoon indoor water park and the Erie Zoo, making Erie, PA a year-round destination.
Sports fans can catch the Erie SeaWolves at UPMC Park and the Erie Otters on the ice, adding affordable entertainment.

Neighborhoods, Dining, and Events

The revitalized Bayfront District features waterfront dining, hotels, and trails with views of Presque Isle Bay.
Foodies find fresh-caught perch, farm-to-table restaurants, and craft beer along the Erie Ale Trail.
Signature events like CelebrateErie and Tall Ships Erie bring music, art, and maritime history to the streets and harbor.

Economy, Education, and Quality of Life

Erie?s economy blends manufacturing, healthcare, and logistics, supported by institutions like Penn State Behrend, Gannon University, and UPMC Hamot.
With a low cost of living and four true seasons, living in Erie, PA appeals to students, families, and remote workers seeking value near the Great Lakes.
The best time to visit Erie is late spring through early fall for beaches and festivals, while winter brings snow sports and cozy lakefront views.



FAQ – Home Values in Erie

What is the median home value in Erie in 2026?

In 2026, the typical home value in Erie is about $131,820 for an average home size of 1605 square feet. This corresponds to an average price of roughly $83 per square foot.

What is the average cost per square foot in Erie?

In 2026, homes in Erie sell for an average of around $83 per square foot, with a typical range between $83 and $99 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Erie is about 1605 square feet, with an estimated 2026 value around $131,820.



Locations close to Erie, PA

Altoona, PA148 $ / ft²
Alexandria, PA160 $ / ft²
Ashville, PA157 $ / ft²
West Springfield, PA113 $ / ft²
Wattsburg, PA123 $ / ft²
Waterford, PA117 $ / ft²
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