Home Affordability in 16501
Erie, PA — Erie County
The median home price in ZIP code 16501 (Erie) is $125,000 with a median household income of $38,000. The price-to-income ratio is 3.3x.
Median Home Price
$125,000
Median Income
$38,000
Price-to-Income
3.3x
Est. Affordable Home
$148,000
Property Tax Rate
1.48%
Annual Property Tax
$1,850
Cost of Living
82
Metro Area
Erie MSA
Down Payment Scenarios for ZIP 16501
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $3,750 | $121,250 | Yes |
| 5% | $6,250 | $118,750 | Yes |
| 10% | $12,500 | $112,500 | Yes |
| 20% | $25,000 | $100,000 | No |
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