
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 $365,887 in April, 0.7% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of May 15, 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: $144,744
- 1-year price change: +2.2%
- 5-year price change: +43.0%

#8. Union City, PA
- Typical home value: $149,283
- 1-year price change: +6.8%
- 5-year price change: +34.0%

#7. Albion, PA
- Typical home value: $180,733
- 1-year price change: +5.6%
- 5-year price change: +41.2%

#6. Erie, PA
- Typical home value: $189,958
- 1-year price change: +6.7%
- 5-year price change: +56.0%

#5. Lake City, PA
- Typical home value: $193,367
- 1-year price change: +6.9%
- 5-year price change: +47.6%

#4. Cranesville, PA
- Typical home value: $214,381
- 1-year price change: +5.5%
- 5-year price change: +43.8%

#3. Wattsburg, PA
- Typical home value: $243,299
- 1-year price change: +3.1%
- 5-year price change: +45.2%

#2. Edinboro, PA
- Typical home value: $275,111
- 1-year price change: +5.3%
- 5-year price change: +45.4%

#1. Mc Kean, PA
- Typical home value: $288,538
- 1-year price change: +5.5%
- 5-year price change: +46.2%