Foreclosure Homes in Erie, PA 16505

Current Market Conditions in Erie, PA

The real estate market in Erie, PA, has shown steady growth over the past year, with a modest increase in home prices. This trend is encouraged by the city's revitalization efforts and ongoing developments that attract new residents.

As new businesses open and tourism increases due to the waterfront area, demand for housing in Erie is expected to remain strong. The market has seen increased interest in both single-family homes and multi-family units, which has positive implications for both investors and buyers.

Rent Prices In Erie, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erie, PA, is on a rollercoaster ride. The average rent price in Erie, PA, is $1,183.00. Indeed, when looking to rent in Erie, PA, you can expect to pay as little as $460.00 or as much as $3,200.00, with the average rent median estimated to be $1,120.00. The good news is that finding an affordable and desirable property to rent in Erie, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.