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Erie city, PA

ZIP 16510 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 16510

Median Home Value
$158,700
Median Rent
$680
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,019/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 16510 in Erie city, PA, a household would need roughly $44,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,019. That sits below the local median household income ($64,938), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
79.4%+21% vs US avg
x
Vacancy Rate
2.9%-72% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
7.8%-39% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
12.6%-75% vs US avg
x
Mortgage-Free
44.1%+15% vs US avg
x
$158,700
Home Value
$680
Rent
1968
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.9%
  • 1-unit attached4.2%
  • 2-9 units7.7%
  • 10+ units1.8%
  • Mobile home & other3.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$158,700
Median rent$680
Owner-occupied79.4%
Vacant2.9%
Price-to-income2.4x
Est. income to buy$44,000