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 $364,891 in September, 0.0% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of October 16, the 30-year fixed mortgage rate sits at 6.27%.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: $150,787
- 1-year price change: +0.7%
- 5-year price change: +35.0%
#8. Union City, PA
- Typical home value: $159,864
- 1-year price change: +6.7%
- 5-year price change: +35.1%
#7. Albion, PA
- Typical home value: $192,330
- 1-year price change: +5.9%
- 5-year price change: +39.9%
#6. Erie, PA
- Typical home value: $197,627
- 1-year price change: +7.4%
- 5-year price change: +56.6%
#5. Lake City, PA
- Typical home value: $201,562
- 1-year price change: +10.2%
- 5-year price change: +49.9%
#4. Cranesville, PA
- Typical home value: $229,076
- 1-year price change: +4.9%
- 5-year price change: +42.7%
#3. Wattsburg, PA
- Typical home value: $253,615
- 1-year price change: +4.5%
- 5-year price change: +43.6%
#2. Edinboro, PA
- Typical home value: $286,370
- 1-year price change: +5.4%
- 5-year price change: +42.9%
#1. Mc Kean, PA
- Typical home value: $295,849
- 1-year price change: +6.3%
- 5-year price change: +45.0%