
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 $366,289 in May, 0.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of June 18, the 30-year fixed mortgage rate sits at 6.81%.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: $150,000
- 1-year price change: +1.0%
- 5-year price change: +41.4%

#8. Union City, PA
- Typical home value: $155,724
- 1-year price change: +6.2%
- 5-year price change: +34.2%

#7. Albion, PA
- Typical home value: $190,325
- 1-year price change: +4.5%
- 5-year price change: +40.4%

#6. Erie, PA
- Typical home value: $194,678
- 1-year price change: +5.8%
- 5-year price change: +55.2%

#5. Lake City, PA
- Typical home value: $198,931
- 1-year price change: +7.2%
- 5-year price change: +48.0%

#4. Cranesville, PA
- Typical home value: $223,947
- 1-year price change: +4.4%
- 5-year price change: +43.3%

#3. Wattsburg, PA
- Typical home value: $254,854
- 1-year price change: +2.4%
- 5-year price change: +43.7%

#2. Edinboro, PA
- Typical home value: $280,891
- 1-year price change: +4.7%
- 5-year price change: +44.8%

#1. Mc Kean, PA
- Typical home value: $297,785
- 1-year price change: +5.0%
- 5-year price change: +45.9%