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 $360,999 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.
#9. Union City, PA
- Typical home value: $140,183
- 1-year price change: +3.2%
- 5-year price change: +26.4%
#8. Corry, PA
- Typical home value: $140,384
- 1-year price change: +4.8%
- 5-year price change: +38.5%
#7. Albion, PA
- Typical home value: $175,474
- 1-year price change: +3.0%
- 5-year price change: +37.7%
#6. Erie, PA
- Typical home value: $181,617
- 1-year price change: +7.9%
- 5-year price change: +53.5%
#5. Lake City, PA
- Typical home value: $187,939
- 1-year price change: +2.3%
- 5-year price change: +44.4%
#4. Cranesville, PA
- Typical home value: $207,507
- 1-year price change: +4.7%
- 5-year price change: +48.2%
#3. Wattsburg, PA
- Typical home value: $243,666
- 1-year price change: +4.5%
- 5-year price change: +45.6%
#2. Edinboro, PA
- Typical home value: $262,019
- 1-year price change: +3.6%
- 5-year price change: +43.3%
#1. Mc Kean, PA
- Typical home value: $274,943
- 1-year price change: +5.0%
- 5-year price change: +45.7%