Home Values

Erie Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$74,800

  • -5.3% 1-year change
  • 0.3% 1-year forecast

The median home value in Erie is $74,800. Erie home values have declined -5.3% over the past year and Zillow predicts they will rise 0.3% within the next year. The median rent price in Erie is $600, which is the same as the Erie Metro median of $600.

Foreclosures will be a factor impacting home values in the next several years. In Erie 3.3 homes are foreclosed (per 10,000). This is lower than the national value of 3.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Erie is 4.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Erie homeowners underwater on their mortgage is 11.8%.

Read more
Relative ZHVI
- +

Erie Market Overview

Data through Jun 30, 2015
  • $74,800 ZHVI
  • 0.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jun 30, 2016)
  • No data Median listing price
  • $91,700 Median sale price (May 31, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Erie Market Health

Data through Jun 30, 2015
  • 0.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

3(May 31, 2015) Erie
4 United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Fairview Township $181,900
Summit Township $175,000
Mckean Township $160,100
Name Median ZHVI
Millcreek Township $152,400
Greene Township $149,900
Northwest Harborcreek $145,500
Name Median ZHVI
Harborcreek $139,200
Lawrence Park $93,200
Wesleyville $76,400

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $67 Median sale price / sq ft
  • No data Listings with price cut
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Erie Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $874 Erie
    $1,026 Erie Metro
    $1,369 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $600 Rent list price
  • No data Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading