Cities with the most expensive homes in the Erie metro area

Written by:
October 22, 2024
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Cities with the most expensive homes in the Erie metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.

The typical home value in the United States was $360,999 in September, 2.4% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of October 17, the 30-year fixed mortgage rate sits at 6.44%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

Stacker compiled a list of cities with the most expensive homes in the Erie metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 9 cities and towns with data available were included in the list.

1 / 9
Stacker

#9. Union City, PA

- Typical home value: $140,183
- 1-year price change: +3.2%
- 5-year price change: +26.4%

2 / 9
Stacker

#8. Corry, PA

- Typical home value: $140,384
- 1-year price change: +4.8%
- 5-year price change: +38.5%

3 / 9
Stacker

#7. Albion, PA

- Typical home value: $175,474
- 1-year price change: +3.0%
- 5-year price change: +37.7%

4 / 9
Stacker

#6. Erie, PA

- Typical home value: $181,617
- 1-year price change: +7.9%
- 5-year price change: +53.5%

5 / 9
Stacker

#5. Lake City, PA

- Typical home value: $187,939
- 1-year price change: +2.3%
- 5-year price change: +44.4%

6 / 9
Stacker

#4. Cranesville, PA

- Typical home value: $207,507
- 1-year price change: +4.7%
- 5-year price change: +48.2%

7 / 9
Stacker

#3. Wattsburg, PA

- Typical home value: $243,666
- 1-year price change: +4.5%
- 5-year price change: +45.6%

8 / 9
Stacker

#2. Edinboro, PA

- Typical home value: $262,019
- 1-year price change: +3.6%
- 5-year price change: +43.3%

9 / 9
Stacker

#1. Mc Kean, PA

- Typical home value: $274,943
- 1-year price change: +5.0%
- 5-year price change: +45.7%

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