
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 $367,965 in July, 0.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of August 21, the 30-year fixed mortgage rate sits at 6.58%.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: $154,024
- 1-year price change: -0.0%
- 5-year price change: +38.5%

#8. Union City, PA
- Typical home value: $161,679
- 1-year price change: +5.3%
- 5-year price change: +36.0%

#7. Albion, PA
- Typical home value: $195,326
- 1-year price change: +4.4%
- 5-year price change: +41.0%

#6. Erie, PA
- Typical home value: $199,930
- 1-year price change: +5.8%
- 5-year price change: +56.0%

#5. Lake City, PA
- Typical home value: $206,139
- 1-year price change: +8.4%
- 5-year price change: +49.8%

#4. Cranesville, PA
- Typical home value: $232,310
- 1-year price change: +4.2%
- 5-year price change: +44.4%

#3. Wattsburg, PA
- Typical home value: $262,289
- 1-year price change: +3.0%
- 5-year price change: +44.0%

#2. Edinboro, PA
- Typical home value: $289,653
- 1-year price change: +4.8%
- 5-year price change: +44.2%

#1. Mc Kean, PA
- Typical home value: $301,765
- 1-year price change: +5.6%
- 5-year price change: +46.4%