
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 $363,946 in August, 0.0% lower than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 18, the 30-year fixed mortgage rate sits at 6.26%.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: $153,112
- 1-year price change: +0.0%
- 5-year price change: +37.2%

#8. Union City, PA
- Typical home value: $163,134
- 1-year price change: +5.7%
- 5-year price change: +36.4%

#7. Albion, PA
- Typical home value: $192,753
- 1-year price change: +5.0%
- 5-year price change: +41.1%

#6. Erie, PA
- Typical home value: $199,034
- 1-year price change: +6.6%
- 5-year price change: +56.7%

#5. Lake City, PA
- Typical home value: $202,792
- 1-year price change: +9.4%
- 5-year price change: +50.4%

#4. Cranesville, PA
- Typical home value: $231,486
- 1-year price change: +4.4%
- 5-year price change: +44.2%

#3. Wattsburg, PA
- Typical home value: $257,761
- 1-year price change: +3.6%
- 5-year price change: +44.3%

#2. Edinboro, PA
- Typical home value: $285,845
- 1-year price change: +5.0%
- 5-year price change: +43.8%

#1. Mc Kean, PA
- Typical home value: $296,257
- 1-year price change: +5.9%
- 5-year price change: +46.1%