Median home value in zip code 16508 (Erie, PA) is $160,234, up 4.8% year over year. Part of the Erie, PA metropolitan area.

Home Value$160,234

YoY Change

+4.8%

Prices rising — worse for buyers.

Affordability

Enter your income for 16508 (Erie).

Income (annual)

Down Payment

$32,047 on $160,234

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

Affordable18.2% of income

Under the 28% guideline.

PITI$1,138

P/I18.2%

Afford$246K

Room+$86K

P&I $810Tax $211Ins $117

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

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

Metro Analysis

16508 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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