Property Prices in Erie, PA, United States

Index Info
Price to Income Ratio: 2.44
Mortgage as Percentage of Income: 21.94%
Loan Affordability Index: 4.56
Price to Rent Ratio - City Centre: 9.77
Price to Rent Ratio - Outside of Centre: 8.62
Gross Rental Yield (City Centre): 10.24%
Gross Rental Yield (Outside of Centre): 11.61%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 666.67 $ 550.00-750.00
Apartment (1 bedroom) Outside of Centre 783.33 $ 550.00-925.00
Apartment (3 bedrooms) in City Centre 1,200.00 $ 1,200.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 1,300.00 $ 1,200.00-1,400.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 132.01 $
Price per Square Feet to Buy Apartment Outside of Centre 132.01 $
Salaries And Financing
Average Monthly Net Salary (After Tax) 2,916.33 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.58 6.19-6.75

These data are based on 31 entries in the past 18 months from 13 different contributors.
Last update: April 2024

Sources and References
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