
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 $367,369 in June, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of July 17, the 30-year fixed mortgage rate sits at 6.75%.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: $146,809
- 1-year price change: +0.2%
- 5-year price change: +39.7%

#8. Union City, PA
- Typical home value: $155,490
- 1-year price change: +5.4%
- 5-year price change: +34.7%

#7. Albion, PA
- Typical home value: $187,946
- 1-year price change: +3.9%
- 5-year price change: +40.2%

#6. Erie, PA
- Typical home value: $196,583
- 1-year price change: +5.5%
- 5-year price change: +55.2%

#5. Lake City, PA
- Typical home value: $198,666
- 1-year price change: +7.5%
- 5-year price change: +48.7%

#4. Cranesville, PA
- Typical home value: $221,465
- 1-year price change: +3.8%
- 5-year price change: +43.5%

#3. Wattsburg, PA
- Typical home value: $250,992
- 1-year price change: +2.3%
- 5-year price change: +43.1%

#2. Edinboro, PA
- Typical home value: $281,881
- 1-year price change: +4.5%
- 5-year price change: +44.3%

#1. Mc Kean, PA
- Typical home value: $295,228
- 1-year price change: +5.1%
- 5-year price change: +46.0%