16509, Erie, PA

The 16509 zip code of Erie, PA has a median home value of $131,000 and a median home equity of $111,000. These numbers are significantly lower than the statewide median home value of $217,500 and statewide median home equity of $146,200. This is likely due to the fact that Erie is located in western Pennsylvania and has a much lower population density than larger cities in the state. Additionally, Erie is known for having some of the lowest housing prices in Pennsylvania.

Despite these factors, there are still a significant number of homes in this zip code that are worth over $100,000. In fact, there are currently nine homes in this zip code that have values over $200,000. This indicates that there is still potential for homeowners in this area to make significant gains on their investments over time.