The story of this market
The typical home in ZIP 16509 sells for about $207,500, or $116 per square foot.
Prices are up +6.9% from a year ago, so sellers still have some momentum. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $1,092 a month.
ZIP 16509 — Erie
The housing market in 16509 remains stable with consistent demand and moderate price growth. Affordability remains a key driver, attracting buyers looking for value within the Erie metropolitan area.
This ZIP code is well-suited for families and long-term residents seeking affordable housing options within the Erie metropolitan area.
Median prices moved up 6.9% year over year.
Homes spend a median of 58 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 12.5% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 16509, 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.
The area is part of the Erie metropolitan economy, which is supported by manufacturing, healthcare, and education sectors.
Property taxes in this jurisdiction are assessed at an effective rate of approximately 1.3%, which is slightly higher than the Pennsylvania state average.
Residents typically rely on personal vehicles for commuting within the Erie metropolitan area, with moderate drive times to major employment hubs.
The area offers access to local parks and shopping districts within the Erie metropolitan region, providing standard suburban amenities.
The rental market shows steady demand with a median rent of $1,100 and a renter-occupied share of approximately 31%.
The local economy is anchored by the broader Erie metropolitan area, featuring a mix of manufacturing, healthcare, and service-based industries.
Transportation is primarily highway-based, serving the Erie metropolitan region with standard infrastructure.
Data retrieved from Census Bureau ZCTA profiles and City-Data.
- Splash Lagoon4.31.8 mi
- Waldameer & Water World4.67.1 mi
- Elevate Trampoline Park4.44.1 mi
- Round1 Bowling & Arcade - Erie4.23.2 mi
- Play Port Arcade & Family Fun Center4.66.3 mi
- Erie Insurance Arena4.65.8 mi
- Golden Corral Buffet & Grill4.22.3 mi
- Bayfront Convention Center4.56.6 mi
- Port Farms4.711.4 mi
- Lake Erie Speedway4.512.8 mi
- Presque Isle State Park4.88.4 mi
- Splash Lagoon4.31.8 mi
- Erie Zoo4.43.8 mi
- Presque Isle Beach4.88.8 mi
- Presque Isle Lighthouse4.78.9 mi
- Presque Isle State Park4.88.4 mi
- Asbury Woods4.86.7 mi
- Presque Isle: Beach 114.68.1 mi
- Frontier Park4.86.1 mi
- Presque Isle: Beach #14.87.4 mi
- Erie Yacht Club4.66.7 mi
- North East Marina4.519.3 mi
- Sun Life Marinas - Bay Harbor4.66.4 mi
- Sun Life Marinas - Perry's Landing4.66.4 mi
- Whispering Woods Golf Club4.55.8 mi
- Mound Grove Golf Course4.64.5 mi
- Scenic Heights Golf Course4.48.1 mi
- Elk Valley Golf Course4.19.9 mi
- The Ridge Golf Club4.23.2 mi
- Millcreek Mall Complex4.33.2 mi
- T.J. Maxx4.43.2 mi
- Kohl's4.32.2 mi
- Ross Dress for Less4.23.4 mi
- Burlington4.12.1 mi
- Erie International Airport4.27.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides access to regional shopping, dining, and entertainment.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.