Area data
Erie, PA — ZIP 16506
Population: 24,070 (Census ACS)
The median home value in ZIP 16506 (Erie, PA) is $298,045 — up 5.0% over the past year. Homes sell for a median $318,500 after a median 8.5 days on market. Typical rent runs $1,729/month. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with lightning, strongwind, winterweather the top-rated hazards. Cost of living is 2.5% below the US average (BEA, metro/state-level).
$298,045
Median home value
+5.0%
1-year change
8.5
Median days on market
Relatively Moderate
Hazard risk (county)
Home values & appreciation
- Median home value
- $298,045
- 1-year appreciation
- +5.0%
- 3-year appreciation
- +19.3%
- 5-year appreciation
- +39.4%
- 10-year appreciation
- +72.0%
- All-time peak (2026-07)
- $298,045
- House Price Index (state)
- 370.8 (+4.0% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $318,500
- Median list price
- $312,000
- Median price per sqft
- $182
- 1-year sale-price change
- +7.0%
- Median days on market
- 8.5 days
- Homes sold (recent period)
- 56
- For-sale inventory
- 56
- Sale-to-list ratio
- 99.7%
- Active listings
- 15
- 1-year forecast
- +3.0%
- Days to pending
- 16 days
- New listings (monthly)
- 32
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,729/mo
- Studio fair-market rent
- $867/mo
- 1BR fair-market rent
- $1,083/mo
- 2BR fair-market rent
- $1,339/mo
- 3BR fair-market rent
- $1,740/mo
- 4BR fair-market rent
- $2,008/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Average)
- 97.5 (100 = US avg)
- Electricity rate (state-level)
- 19.3¢/kWh
- Natural gas rate (state-level)
- $15.00/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 2
- Elementary schools
- 1
- Middle schools
- 0
- High schools
- 1
- Schools include
- Grandview El Sch, McDowell HS
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Moderate
- Top hazards (county)
- lightning, strongWind, winterWeather, iceStorm, inlandFlooding
- Notable hazard ratings (county)
- coldWave: Relatively Low · earthquake: Relatively Low · hail: Relatively Low · heatWave: Relatively Low · hurricane: Relatively Low · iceStorm: Relatively Moderate
- FEMA flood zone
- C
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 23% of US counties
- Buildings in wildfire direct-exposure zone
- 36.9%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- 1
- Nearest Superfund site
- Mill Creek Dump (2.1 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 51.0°F
- Average high
- 59.0°F
- Average low
- 43.0°F
- Annual precipitation
- 45.0 in
- Annual snowfall
- 101.6 in
- USDA plant hardiness zone
- 6b (extreme annual low -5 to 0°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 42
- Days with Good air quality
- 240
- Days with Moderate air quality
- 116
- Days with Unhealthy air quality
- 3
- Highest AQI recorded (year)
- 180
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 10.7 / 20
- Transit service frequency
- 1,204
- Jobs reachable by car (30 min)
- 22,836
- Jobs reachable by transit (45 min)
- 20,331
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- Airports within 30 mi
- 18
- Nearest airport
- Erie International Tom Ridge Field (ERI) (2 mi)
- Nearest major airport
- Erie International Tom Ridge Field (ERI) (2 mi)
- Hospitals nearby (~15 mi)
- 2
- Hospitals include
- ERIE VA MEDICAL CENTER, LECOM MEDICAL CENTER AND BEHAVIORAL HEALTH PAV
- Avg hospital rating (CMS)
- 2.0 / 5
- Best hospital rating nearby (CMS)
- 2.0 / 5
- Solar radiation rating
- Fair (3.6 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -512 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,979
- Housing built before 1970
- 33.0%
- Housing built 2000 or later
- 18.0%
- Median annual property tax
- $3,776
- Mean commute to work
- 16 min
- Households with broadband internet
- 81.3%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 103,916
- Average weekly wage
- $964
- Top industries (by employment)
- Health Care, Accommodation & Food, Finance & Insurance
- Annual residential building permits (county)
- 139
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 16506 | State median | US median | |
|---|---|---|---|
| Median home value | $298,045 | $237,154 | $289,727 |
| Median sale price | $318,500 | $254,900 | $325,000 |
| Median days on market | 9 days | 43 days | 51 days |
| Typical rent | $1,729/mo | $1,544/mo | $1,808/mo |
| Median annual property tax | $3,776 | $2,326 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 16506?
- $298,045.
- What is the median sale price in ZIP 16506?
- $318,500.
- How long do homes take to sell in ZIP 16506?
- Median days on market: 8.5 days.
- What is typical rent in ZIP 16506?
- Typical rent: $1,729/month.
- What is the natural-hazard risk in ZIP 16506?
- Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: lightning, strongWind, winterWeather, iceStorm, inlandFlooding.
- Is ZIP 16506 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone C.
- What is the wildfire risk in ZIP 16506?
- Risk to homes is higher than 23% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 16506?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 16506?
- 1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Mill Creek Dump, 2.1 mi.
- How many schools serve ZIP 16506?
- 2 schools (1 elementary, 1 high) (NCES, 2022-23).
- Is ZIP 16506 walkable?
- Walkability index: 10.7/20 (EPA Smart Location Database).
- What is the air quality in ZIP 16506?
- Good. Median AQI: 42. (EPA AQI).
- What is the cost of living in ZIP 16506?
- Regional Price Parity: 97.5 (100 = US average) (Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →