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Erie Housing Information
| Index | Erie | Pennsylvania | National |
| Median home price | $86,700 | $167,700 | $184,700 |
| Median rent asked | $662 | $859 | $949 |
| Avg. people per household | 2.3 | 2.4 | 2.6 |
| Owner occupied households | 51.2% | 69.0% | 63.6% |
| Renter occupied households | 48.8% | 31.0% | 36.4% |
Erie Home Affordability
Home affordability can be a very important factor when determining where to purchase real estate in Erie, PA. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Erie, PA is $86,700 and the median household income is $35,205. This results in a home price to income ratio of 2.5x, which is 19% lower than the Pennsylvania average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Erie, PA are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Erie, PA.Nearby cities with low home prices
| City, State | Population | Home Price | National Avg. |
| Penn State Erie (Behrend), PA | 1,680 | $0 | 100% |
| Cranesville, PA | 559 | $82,200 | 55% |
| Wesleyville, PA | 3,258 | $82,400 | 55% |
| Wattsburg, PA | 519 | $84,700 | 54% |
| Lawrence Park, PA | 3,874 | $98,400 | 47% |
| Erie, PA | 100,157 | $86,700 | 53% |
Cities with similar population
| City, State | Population | Home Price | National Avg. |
| Kenosha, WI | 99,865 | $141,400 | 23% |
| Hillsboro, OR | 100,462 | $255,700 | 38% |
| Jurupa Valley, CA | 100,737 | $270,700 | 47% |
| Roanoke, VA | 99,329 | $133,000 | 28% |
| South Bend, IN | 101,037 | $80,500 | 56% |
| Erie, PA | 100,157 | $86,700 | 53% |