Affordability evidence
Erie, PA home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Erie, PA.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
Start with the dated local finding: In Erie, PA, the 2024 ACS reports a median owner-occupied home value of $115,200, median household income of $46,113, and median selected monthly owner costs of $1,139 for owners with a mortgage. Together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,139 measure combines recurring ownership expenses in place of real estate taxes alone. For borrower planning, a useful affordability review starts with $115,200, $46,113, and $1,139, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Erie, PA's $115,200 median home-value estimate is below the statewide $254,500 estimate, with a reported city-to-state gap of 54.7%.