Stacker
1 / 9#9. Corry, PA
- Typical home value: $160,892
- 1-year price change: +0.4%
- 5-year price change: +16.0%
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 $371,757 in July, 1.1% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 13, the 30-year fixed mortgage rate sits at 6.67%.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.
Stacker
2 / 9#8. Union City, PA
- Typical home value: $168,260
- 1-year price change: -0.5%
- 5-year price change: +13.6%
Stacker
3 / 9#7. Erie, PA
- Typical home value: $208,273
- 1-year price change: +5.6%
- 5-year price change: +42.6%
Stacker
4 / 9#6. Albion, PA
- Typical home value: $209,141
- 1-year price change: +9.4%
- 5-year price change: +31.6%
Stacker
5 / 9#5. Lake City, PA
- Typical home value: $214,133
- 1-year price change: +4.5%
- 5-year price change: +37.0%
Stacker
6 / 9#4. Cranesville, PA
- Typical home value: $242,761
- 1-year price change: +7.0%
- 5-year price change: +31.7%
Stacker
7 / 9#3. Wattsburg, PA
- Typical home value: $275,960
- 1-year price change: +8.2%
- 5-year price change: +35.5%
Stacker
8 / 9#2. Edinboro, PA
- Typical home value: $303,399
- 1-year price change: +6.8%
- 5-year price change: +34.3%
Stacker
9 / 9#1. Mc Kean, PA
- Typical home value: $312,371
- 1-year price change: +5.8%
- 5-year price change: +36.2%
