Cities with the most expensive homes in the Erie metro area
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 $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.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.
#9. Corry, PA
- Typical home value: $142,882
- 1-year price change: +4.0%
- 5-year price change: +38.3%
#8. Union City, PA
- Typical home value: $144,229
- 1-year price change: +3.5%
- 5-year price change: +26.0%
#7. Albion, PA
- Typical home value: $176,822
- 1-year price change: +3.1%
- 5-year price change: +38.3%
#6. Erie, PA
- Typical home value: $181,890
- 1-year price change: +7.5%
- 5-year price change: +54.0%
#5. Lake City, PA
- Typical home value: $187,366
- 1-year price change: +2.6%
- 5-year price change: +44.6%
#4. Cranesville, PA
- Typical home value: $210,026
- 1-year price change: +4.7%
- 5-year price change: +48.3%
#3. Wattsburg, PA
- Typical home value: $244,180
- 1-year price change: +4.2%
- 5-year price change: +46.3%
#2. Edinboro, PA
- Typical home value: $264,320
- 1-year price change: +4.0%
- 5-year price change: +43.6%
#1. Mc Kean, PA
- Typical home value: $275,484
- 1-year price change: +4.7%
- 5-year price change: +45.6%