The story of this market
The typical home in ZIP 16505 sells for about $264,950, or $191 per square foot.
Prices are up +2.8% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $881 a month.
ZIP 16505 — Erie
The 16505 ZIP code in Erie, PA, shows a median home price of $264,950 with a median price per square foot of $191. Market data indicates a year-over-year price increase of 2.8%.
Median prices moved up 2.8% year over year.
Homes spend a median of 38 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.0% · poverty 10.6% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 16505, Erie County PA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
not determinable
- Splash Lagoon4.35.7 mi
- Waldameer & Water World4.61.2 mi
- Elevate Trampoline Park4.47.2 mi
- Round1 Bowling & Arcade - Erie4.24.1 mi
- Play Port Arcade & Family Fun Center4.61.5 mi
- Erie Insurance Arena4.65.1 mi
- Golden Corral Buffet & Grill4.25.3 mi
- Bayfront Convention Center4.54.9 mi
- Port Farms4.717.3 mi
- Lake Erie Speedway4.517.9 mi
- Presque Isle State Park4.85.3 mi
- Splash Lagoon4.35.7 mi
- Erie Zoo4.44.8 mi
- Presque Isle Beach4.86.8 mi
- Presque Isle Lighthouse4.75.7 mi
- Presque Isle State Park4.85.3 mi
- Asbury Woods4.82.3 mi
- Presque Isle: Beach 114.66.6 mi
- Frontier Park4.83.1 mi
- Erie Bluffs State Park4.611.8 mi
- Erie Yacht Club4.62.8 mi
- Sun Life Marinas - Bay Harbor4.64.1 mi
- Sun Life Marinas - Perry's Landing4.64.1 mi
- Lake Erie4.660 mi
- Whispering Woods Golf Club4.54.1 mi
- Mound Grove Golf Course4.611.7 mi
- Elk Valley Golf Course4.18.1 mi
- Lake Shore Country Club4.62.6 mi
- The Ridge Golf Club4.29.5 mi
- Millcreek Mall Complex4.34.1 mi
- T.J. Maxx4.44.1 mi
- Kohl's4.35.2 mi
- Ross Dress for Less4.23.9 mi
- Burlington4.15.2 mi
- Erie International Airport4.20.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.