Erie, PA home prices
Typical home $222,048 · +4.7% in a year · income needed $68,700
The Erie, PA metro area ranks 560 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.7% in a year and +38.3% over five years. With 20% down at 7.11%, the typical home costs about $1,602 a month including 1.6% property tax (Erie County rate).
Mortgage on the typical Erie home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,410 | $177,638 | $1,195 | $0 | $407 | $1,602 | $68,700 |
| 10% down | $22,205 | $199,843 | $1,344 | $83 | $407 | $1,835 | $78,600 |
| 5% down | $11,102 | $210,946 | $1,419 | $88 | $407 | $1,914 | $82,000 |
| 3.5% down (FHA) | $7,772 | $218,026 | $1,467 | $98 | $407 | $1,972 | $84,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.6% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Erie area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Erie County, PA | $222,044 | +4.7% | 1.6% |
What can you afford in Pennsylvania on your salary? · Pennsylvania home prices · Salaries in Pennsylvania
Frequently asked questions
How much is a house in Erie?
The typical home in the Erie, PA metro area is worth $222,048 (Zillow, September 2026).
What salary do you need to buy a house in Erie?
About $68,700 a year for the typical home with 20% down at 7.11%.