The median home in Erie, Pennsylvania is valued at $191,674, up 5.5% year over year. Typical monthly rent is $1,063, producing a price-to-rent ratio of 15x — below the national average of 18x. Erie is part of the Erie, PA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$191,674

+5.5%

Rent$1,063/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Erie.

Income (annual)

Down Payment

$38,335 on $191,674

Example: $75,000 household income. Change it above to see your own.

Affordable21.4% of income

Under the 28% guideline.

PITI$1,338

P/I21.4%

Afford$251K

Room+$59K

P&I $969Tax $252Ins $117

Renting $275/mo cheaper ($1,063 rent)6.50% 30yr, 20% down, county tax + PA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Pennsylvania

Compare Erie with other housing markets across Pennsylvania.

Gladwyne$1.5M Villanova$1.47M Merion Station$1.04M Edgeworth$957K Devon$952K Berwyn$918K Wayne$902K New Hope$898K

Full Erie, PA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Erie, PA metro.

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