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 $359,741 in March, 1.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of April 17, the 30-year fixed mortgage rate sits at 6.83%.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: $141,659
- 1-year price change: +3.9%
- 5-year price change: +44.7%

#8. Union City, PA
- Typical home value: $148,134
- 1-year price change: +7.2%
- 5-year price change: +34.5%

#7. Albion, PA
- Typical home value: $179,360
- 1-year price change: +6.9%
- 5-year price change: +42.4%

#6. Erie, PA
- Typical home value: $185,102
- 1-year price change: +7.8%
- 5-year price change: +57.5%

#5. Lake City, PA
- Typical home value: $192,414
- 1-year price change: +6.9%
- 5-year price change: +47.8%

#4. Cranesville, PA
- Typical home value: $213,351
- 1-year price change: +7.2%
- 5-year price change: +45.4%

#3. Wattsburg, PA
- Typical home value: $241,794
- 1-year price change: +4.3%
- 5-year price change: +48.1%

#2. Edinboro, PA
- Typical home value: $265,970
- 1-year price change: +6.3%
- 5-year price change: +45.9%

#1. Mc Kean, PA
- Typical home value: $279,299
- 1-year price change: +6.5%
- 5-year price change: +47.0%