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 $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.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. Union City, PA
- Typical home value: $128,983
- 1-year price change: +0.9%
- 5-year price change: +27.3%
#8. Corry, PA
- Typical home value: $133,609
- 1-year price change: +5.2%
- 5-year price change: +41.4%
#7. Albion, PA
- Typical home value: $166,231
- 1-year price change: +4.1%
- 5-year price change: +37.8%
#6. Erie, PA
- Typical home value: $168,099
- 1-year price change: +8.2%
- 5-year price change: +50.7%
#5. Lake City, PA
- Typical home value: $177,467
- 1-year price change: +4.3%
- 5-year price change: +44.1%
#4. Cranesville, PA
- Typical home value: $198,422
- 1-year price change: +3.8%
- 5-year price change: +44.2%
#3. Wattsburg, PA
- Typical home value: $233,878
- 1-year price change: +6.5%
- 5-year price change: +46.6%
#2. Edinboro, PA
- Typical home value: $249,533
- 1-year price change: +5.3%
- 5-year price change: +41.8%
#1. Mc Kean, PA
- Typical home value: $259,553
- 1-year price change: +7.5%
- 5-year price change: +46.0%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
