Median home value in zip code 16506 (Erie, PA) is $278,865, up 5.2% year over year. Part of the Erie, PA metropolitan area.

Home Value$278,865

YoY Change

+5.2%

Prices rising — worse for buyers.

Affordability

Enter your income for 16506 (Erie).

Income (annual)

Down Payment

$55,773 on $278,865

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

Stretch30.3% of income

Above 28% but manageable with cuts.

PITI$1,894

P/I30.3%

Afford$258K

Gap-$21K

P&I $1,410Tax $367Ins $117

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

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

Metro Analysis

16506 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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