Median home value in zip code 16502 (Erie, PA) is $122,855, up 2.9% year over year. Part of the Erie, PA metropolitan area.

Home Value$122,855

YoY Change

+2.9%

Prices rising — worse for buyers.

Affordability

Enter your income for 16502 (Erie).

Income (annual)

Down Payment

$24,571 on $122,855

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

Affordable14.4% of income

Under the 28% guideline.

PITI$900

P/I14.4%

Afford$239K

Room+$116K

P&I $621Tax $162Ins $117

6.50% 30yr, 20% down, county tax + PA ins. 28% per HUD.

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

Metro Analysis

16502 is part of the Erie, PA metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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